FinDev Canada

FinDev Canada is Canada's development finance institution, established in 2018 as a wholly owned subsidiary of Export Development Canada (EDC). Its mandate is to stimulate inclusive and sustainable economic growth in developing markets by providing financing and investments to the private sector. The institution focuses on three primary sectors: the financial industry, sustainable infrastructure, and agribusiness and forestry, aiming to mobilize private sector investment in these areas to support development goals such as gender equality, climate and nature action, and market development.

The institution offers a range of financial solutions, including debt, equity, and guarantees, to clients operating in developing countries that demonstrate sustainable social and economic benefits for local communities. Additionally, FinDev Canada provides non-financial support through its Technical Assistance Facility, enhancing the impact of its investments. Its geographical focus spans Latin America and the Caribbean, Sub-Saharan Africa, and the Indo-Pacific region, aligning with Canada's international development priorities.

FinDev Canada's investment strategy emphasizes supporting projects that contribute to poverty reduction through job creation, women's economic empowerment, and climate change mitigation. For instance, it has supported M-KOPA to bring solar power to low-income African homes and invested in Miro Forestry Development Ltd. to expand sustainable forestry and timber products in West Africa. By bridging the gap between commercial support and development assistance, FinDev Canada aims to create stability and prosperity for local communities in developing countries.