29 November 2018

FinDev Canada and CDC Group sign agreement to contribute towards the achievement of the Sustainable Development Goals

The Development Finance Institutions of Canada and the United Kingdom, FinDev Canada and CDC Group plc (“CDC”), signed a Memorandum of Understanding to further their collaboration to achieve the Sustainable Development Goals.

Through this agreement, signed at CDC’s offices in the UK, both DFIs committed to seek joint opportunities to invest in businesses in developing markets with potential to improve key aspects tracked on the SDGs, such as women’s economic empowerment, job creation and climate action.

Both institutions share common focus in sectors like agribusiness and financial services, and in the African region.

FinDev Canada and CDC collaborate closely to find  gender-centric investment opportunities through the 2X Challenge, a commitment with fellow G7 DFIs to mobilize 3 billion dollars towards businesses that benefit women.

FinDev Canada recently joined the CDC -hosted Gender Finance Collaborative, that furthers collaboration in gender-lens investing between its 14 participating DFIs.

FinDev Canada and CDC team collaboration

Pictured left to right: Arpita Raksit, Gender Lead, CDC; Colin Buckley, Chief Operating Officer, CDC;
Paul Lamontagne, Managing Director, FinDev Canada; Jen Braswell, Director, Value Creation Strategies, CDC.

About FinDev Canada

The Development Finance Institute Canada Inc., operating under the FinDev Canada brand, is a Canadian institution dedicated to providing financial services to the private sector in developing countries with the aim of combating poverty through economic growth by focusing on three main themes: economic development through job creation, women economic empowerment, and climate change mitigation. The Development Finance Institute Canada Inc. is a wholly owned subsidiary of Export Development Canada (EDC).

For more information, please contact:

FinDev Canada

Angela Rodriguez

+1 514 673 7154

arodriguez@findevcanada.ca

CDC Group

Rhyddid Carter

+44 (0) 7824 552 326

rcarter@cdcgroup.com