Development Finance Institute CanadFinDev Canada

Published purpose

This project aims to enhance the resilience and socioeconomic well-being of low-income, underserved and marginalized populations, particularly women and girls, in Official Development Assistance (ODA) eligible countries in the Caribbean, Latin America and Sub-Saharan Africa. The Facility adopts a whole of Canada approach to help address COVID-19 economic recovery in ODA-eligible countries. It uses a repayable contribution to help mobilize additional public and private investment in support of the Facility’s expected outcomes. Project activities include: (1) providing financing to financial intermediaries, including banks, financial cooperatives, and private equity funds, that actively drive impact towards women’s economic empowerment; (2) providing complementary technical assistance to improve the financial performance and development impact of investees and ultimate beneficiaries; and (3) disseminating data and lessons learned to increase the scale of investments made using a gender lens. The Facility supports women as entrepreneurs, employees and consumers of essential goods and services in target geographies.