The Development Finance Institutions of Canada and the United Kingdom, FinDev Canada and the CDC Group plc (“CDC”), signed a Memorandum of Understanding to further their collaboration to achieve the Sustainable Development Goals.
Through this agreement, signed at CDC’s offices in the UK, both DFIs committed to seek joint opportunities to invest in businesses in developing markets with potential to improve key aspects tracked on the SDGs, such as women’s economic empowerment, job creation and climate action.
Both institutions share common focus in sectors like agribusiness and financial services, and in the African region.
FinDev Canada and CDC collaborate closely to find gender-centric investment opportunities through the 2X Challenge, a commitment with fellow G7 DFIs to mobilize 3 billion dollars towards businesses that benefit women.
FinDev Canada recently joined the CDC-hosted Gender Finance Collaborative, that furthers collaboration in gender-lens investing between its 14 participating DFIs.
About FinDev Canada
The Development Finance Institute Canada Inc., operating under the FinDev Canada brand, is a Canadian institution dedicated to providing financial services to the private sector in developing countries with the aim of combating poverty through economic growth by focusing on three main themes: economic development through job creation, women economic empowerment, and climate change mitigation. The Development Finance Institute Canada Inc. is a wholly owned subsidiary of Export Development Canada (EDC).
CDC is the UK’s development finance institution. Wholly owned by the UK Government, it invests in sub-Saharan Africa and South Asia with the aim of supporting economic development to create jobs. CDC has invested in Africa and Asia since 1948.
CDC takes a flexible approach and provides capital in all its forms, including equity, debt, mezzanine and guarantees, to meet businesses’ needs and achieve development impact. CDC has net assets of £5.1bn. Find out more at: www.cdcgroup.com.
For more information, please contact:
+1 514 673 7154
+44 (0) 7824 552 326