Media

Canada’s bilateral Development Finance Institution, FinDev Canada, is providing a loan of US$ 40 million to the Latin American Agribusiness Development Corporation (LAAD). This transaction will enable LAAD to expand its loan portfolio to support food production, jobs in rural areas and promote the economic development of countries in the region.

To increase access to sustainable finance in Nigeria, Canada’s Development Finance Institution, FinDev Canada, provides a loan of up to US$ 40 million to Stanbic IBTC.

Montreal (Quebec), 17 July 2024 – Canada’s bilateral Development Finance Institution, FinDev Canada, announces a senior loan of US$ 100 million to FirstRand Bank Limited (FRB), the wholly-owned banking subsidiary of FirstRand Limited (FirstRand), Africa’s largest financial services group by market capitalization.

Montreal (Quebec), 17 July 2024 – Canada’s bilateral Development Finance Institution, FinDev Canada, joins the Dutch entrepreneurial development bank FMO and seven other impact investors to announce a $US 295 million commitment to Access Bank, Nigeria’s leading bank.

Montreal (Quebec), 15 July 2024 – FinDev Canada, Canada’s bilateral Development Finance Institution, is investing up to $US 20 million in a blue bond issued by Banco Nacional de Costa Rica (BNCR). This transaction builds on FinDev Canada’s successful past collaboration with BNCR, through the corporation’s $US 30 million participation in an IDB Invest-led subordinated social bond in 2022.