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Montreal (Quebec), 1 May 2024 – FinDev Canada, Canada’s bilateral Development Finance Institution (DFI), has joined the DFI Working Group on Blended Concessional Finance for Private Sector Projects (DFI Blended Finance Working Group), and endorsed the DFI Enhanced Principles for Blended Concessional Finance. These principles represent best practice among DFIs, promoting high standards, additionality, commercial sustainability, crowding-in and minimum concessionality, as well as reinforcing markets.

Montreal (Quebec), 18 April 2024 – Canada’s bilateral Development Finance Institution, FinDev Canada, approved a US$ 15 million blended finance loan to Surpapel Group - which operates one of the largest paper mills and cardboard box plants in Ecuador – to support the increase of its production capacity while reducing its carbon footprint.

Montreal (Quebec), February 21, 2024 – Canada’s Development Finance Institution, FinDev Canada, and IDB Invest have each signed an up to US$ 50 million commitment to DIC Latin American Fund IV, L.P.

Montreal (Quebec), December 19, 2023 – Canada’s Development Finance Institution (DFI), FinDev Canada, grants a senior unsecured loan of EUR 20 million to Banque Ouest Africaine de Développement (BOAD).  

The awards ceremony took place at COP 28 on December 5th during the Africa Investment Earthshot Leaders Summit. The awards recognize both public and private sector institutions that are working to innovate and break new ground to mobilize private capital and private sector participation at scale, to Africa’s bankable NDC investment commitments and projects.