FinDev Canada is Canada's

development finance institution Development finance institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or ...

(DFI) set up in 2018. It has US$1 billion on its balance sheet. 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 Export Development Canada (EDC; ) is Canada's export credit agency and a Crown corporation wholly owned by the Government of Canada. Its mandate is to support and develop trade between Canada and other countries, and help Canada's competitiveness ...

(EDC). FinDev was set up amid the expansion of development banks by other donors, including the United States, United Kingdom, and Denmark. Its CEO Lori Kerr hails from the

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

.{{Cite web , title=FinDev Canada hires CEO , url=https://www.africaglobalfunds.com/news/people-moves/findev-canada-hires-ceo/ , access-date=2024-01-11 , website=www.africaglobalfunds.com , language=en

References

Crown corporations of Canada 2018 establishments in Quebec

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...