Canada announces launch of development finance institution in 2017 budget

On March 22, 2017, Canada’s Minister of Finance, Bill Morneau, tabled the Trudeau government’s budget for the 2017-2018 financial year. The budget outlined the government’s plan to launch a development finance institution (DFI), an idea which was initially introduced by the Harper government in 2015. The DFI will be capitalized at CAD300 million (US$235 million), and is to be established as a wholly owned subsidiary under Export Development Canada, a Crown corporation that serves as Canada’s export credit agency. The budget does not make reference to the International Assistance Envelope, Canada’s main ODA budget tool.
 
 Budget document - Government of Canada
Pre-budget Analysis – Canadian International Development Platform

 

 

Canada