FinDev Canada and Finnfund sign cooperation agreement to advance the sustainable development goals

The Development Finance Institutions will seek joint engagement opportunities and collaborate on best practices to contribute to the SDGs.

The Development Finance Institutions (DFIs) of Canada and Finland, FinDev Canada and Finnfund, signed a Memorandum of Understanding (MoU) to foster cooperation to advance the Sustainable Development Goals.

Finnfund and FinDev Canada share a common focus on areas such as agribusiness, clean energies and the financial sector, as well as common goals like job creation and climate mitigation and adaptation.

The financial institutions will seek joint opportunities to invest in the private sector in developing markets and will collaborate in best practices, knowledge sharing, and technical assistance are also part of this bilateral commitment.

The signature took place in Helsinki at the Finnfund headquarters during a visit by FinDev Canada’s Managing Director, Paul Lamontagne.

FinDev Canada and Finnfund agree on the value of partnerships to achieve the Sustainable Development Goals by 2030, as outlined on SDG 17, Partnerships for the goals.

About FinDev Canada
FinDev Canada’s mandate is to combat poverty through economic growth, by offering financial services to the private sector in developing countries. Financing will focus on three main areas: market development, women’s economic empowerment, and climate mitigation and adaptation. Find out more about FinDev Canada here.

About Finnfund
Finnfund is a Finnish development financier and professional impact investor. We build a sustainable world by investing in responsible and profitable businesses in the developing countries. Each year we invest 150–200 million euros in 20-30 projects, emphasising renewable energy, sustainable forestry, sustainable agriculture and financial institutions. www.finnfund.fi

For more information, please contact:

Finnfund: Pasi Rajala, tel. +358 400 464 393, Pasi.Rajala(a)finnfund.fi
FinDev Canada: Angela Rodriguez, arodriguez(a)findevcanada.ca

Categories:

News2018
green landscape

Finnfund invests in landmark Ecobank Nature Bond to boost sustainable agriculture and biodiversity in Africa

Finnfund has invested 15 million US dollars in a Nature Bond issued by Ecobank…
Annual Report cover

Finnfund’s portfolio totals 857 million euros – more focus on advancing digitalisation and mobilising private capital through EU guarantees

Global tensions, shifting market conditions and growing geopolitical challenges shaped Finnfund’s operating context in…
Toucan Forestal view in Panama

Finnfund invests USD 15 million in Toucan Forestal to restore forests and advance nature‑positive impact in Panama

Finnfund, the Finnish development financier and impact investor, has signed a 15 million US…

Finnfund makes its first investment in Kyrgyzstan with a 10 million US dollar loan to Bailyk Finance, one of Kyrgyzstan’s largest microfinance institutions

Finnfund, the Finnish development financier and impact investor, has signed a 10 million US…

Finnfund Digital Access Impact Fund I invests in Ecofy to accelerate India’s retail green finance market

Ecofy, a pioneering green NBFC backed by Eversource Capital, today announced the successful closure…

Finnfund’s Economist Tangeni Shatiwa: A weaker dollar is steering global investors toward emerging markets

International investors are now allocating funds to emerging market (EM) assets at the fastest…
Hanna Loikkanen Chief Investment Officer Finnfund

Finnfund’s Hanna Loikkanen: Impact investing captivates private investors

The allure of impact investing among private investors is surging, with an increasing number…

Finnfund expands support for digital infrastructure and climate action in South Sudan with follow-on investment in CREI

Finnfund, the Finnish development financier and impact investor, makes a follow-on investment in Communication…

Finnfund’s Uusihakala: “Fixed broadband is the key to tackling poverty in developing countries”

The three digital divides The Coverage Gap refers to people living in areas without…

Finnfund strengthens support to women entrepreneurs in Pakistan through Kashf Foundation

Finnfund has announced a follow-on loan of 10 million US dollars to Kashf Foundation…