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.