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.
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