FinDev Canada and BIO partner to increase their contribution to the SDGs

FinDev Canada and BIO partner to increase their contribution to the SDGs

FinDev Canada and BIO, the Belgian Investment Company for Developing Countries, today signed an agreement that will further collaboration to support the sustainable growth of the private sector in developing countries.

FinDev Canada and BIO partner to increase their contribution to the SDGs

“By strengthening partnerships with our peers, we will help realize the Sustainable Development Goals by accelerating impact through our joint efforts.”

Suzanne Gaboury, Chief Investment Officer of Findev Canada

The Memorandum of Understanding facilitates the sharing of best practices and the exploration of joint transaction opportunities in common geographical areas, such as Latin America and Sub-Saharan Africa.

The signature took place at the FinDev Canada office in Montreal.

The two development finance institutions (DFIs) share a strategic focus on agribusiness, financial institutions as means to reach SMEs, and green growth, specifically improved access to energy and water, as well as a regional concentration in Latin America and Sub-Saharan Africa.

Both institutions are committed to contributing to the achievement of the Sustainable Development Goals (SDGs), concentrating their efforts in private sector activities that have an impact on SDG 7, affordable and clean energies, SDG 8, decent work and economic growth and SDG 9, industry, innovation and infrastructure.

FinDev Canada and BIO partner to increase their contribution to the SDGs

“BIO heartedly welcomes FinDev Canada as the world’s newest Development Finance investor, and its strong focus on gender lens investing and development impact.”

Luuk Zonneveld, CEO of BIO

BIO and FinDev Canada are among the first adopters of the Operating Principles for Impact Management, a series of guidelines launched by the International Finance Corporation (IFC) during this year’s World Bank Spring Meetings. The Principles aim to standardize best practices in impact investing.

FinDev Canada


Angela Rodriguez
Communications and marketing specialist
arodriguez@findevcanada.ca
www.findevcanada.ca

BIO

Ben Jehaes
External Relations Manager
Ben.jehaes@bio-invest.be

More news

You'll never make the world sustainable with only public money

 News

You'll never make the world sustainable with only public money

02-07-2020

Financial return is worth twice as much if it also helps the world move forward. The Belgian government and business world collect 50 million euros for sustainable investments in the African and Asian private sector. "Investing is better than giving," says driving force Alexander De Croo, Minister of Development Cooperation. "You will only see a return on your investment if it has really made a difference."

Read more
SDG Frontier Fund first closing

 News

SDG Frontier Fund first closing

02-07-2020

First-of-its-kind Belgian impact fund brings together 9 private investors to support sustainable economic growth in African and Asian frontier markets.

Read more
Belgian Impact Investors call for action

 News

Belgian Impact Investors call for action

24-06-2020

Belgian Impact Investors ALTERFIN, BIO, BRS, INCOFIN, INPULSE, KAMPANI, and KOIS call for action to respond to COVID-19 in developing countries

Read more