FinDev Canada

FinDev Canada
Formation2018
Legal statusCrown Corporation
HeadquartersMontréal Canada
OwnerExport Development Canada
CEO
Lori Kerr
Websitefindevcanada.ca

FinDev Canada is Canada's development finance institution (DFI) set up in 2018. It has US$1 billion on its balance sheet.[1][2] Its purpose is to provide direct and indirect development financing consistent with Canada's international development priorities. The DFI is wholly owned by Canada's export credit agency, Export Development Canada (EDC).[3] FinDev was set up amid the expansion of development banks by other donors, including the United States, United Kingdom, and Denmark.[4] Its CEO Lori Kerr hails from the World Bank.[5]

  1. ^ Saldinger, Adva (2024-01-09). "Devex Invested: Bilateral DFIs keep growing and growing". Devex. Retrieved 2024-01-11.
  2. ^ Murphy, Helen (2024-01-10). "Devex Newswire: A 2024 reality check for global development". Devex. Retrieved 2024-01-11.
  3. ^ "Our story | Development Finance Institute Canada". www.findevcanada.ca. Retrieved 2024-01-11.
  4. ^ Saldinger, Adva (2024-01-09). "Devex Invested: Bilateral DFIs keep growing and growing". Devex. Retrieved 2024-01-11.
  5. ^ "FinDev Canada hires CEO". www.africaglobalfunds.com. Retrieved 2024-01-11.