Recognizing the importance of the private sector, the Government of Canada established a bilateral Development Finance Institution. In 2015, the creation of a development finance institution was ratified by the parliament. The Government’s intention to launch a DFI is announced in the 2015 Economic Action Plan.
Recognizing the importance of the private sector, the Government of Canada established a bilateral Development Finance Institution. In 2015, the creation of a development finance institution was ratified by the parliament. The Government’s intention to launch a DFI is announced in the 2015 Economic Action Plan.
In January 2018, Canada’s development finance institution (Development Finance Institute Canada (DFIC) Inc. – or FinDev Canada) opened for business with a mandate to support the growth and sustainability of the private sector in developing markets.
FinDev Canada enabled Canada to complement its existing suite of international assistance tools and join its G7 partners in having a DFI supporting development through the private sector in developing countries.