Allianz EMPAD Fund
$28,000,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2024-2025
- Agreement period
- March 10, 2025 – May 29, 2047
- Project status
- Implementation
- Reference
- CA-3-P012905001
Published purpose
This impact investment fund aims to scale and mobilize private capital towards projects that meet climate goals in developing countries. The fund aims to raise about CAD 1.35 billion, with support from Global Affairs Canada helping to attract more investment. The fund’s investments, which are primarily delivered by development finance institutes and international financial institutions, aim to increase climate mitigation and resilience, create jobs, and increase finance available to underserved populations such as women-led businesses and farmers in emerging and developing markets. The project activities include: (1) creating 10,000 jobs in infrastructure and renewable energy; 200MW of installed solar and wind energy; (2) reaching 12,639 farmers; 667,080 loans issued, including 326,994 to women-led businesses and entrepreneurs.
In plain English AI-generated
Global Affairs Canada is investing $28 million in a climate-focused impact investment fund that aims to mobilize private capital for renewable energy, climate resilience, and financial inclusion projects in developing countries, targeting job creation, solar and wind capacity, and loans to women-led businesses and farmers.
Category: Climate Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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