Publication: IFC and Canada, Partners in Private Sector Development
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2024-03-14
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2024-03-14
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Canada has been an active member of the World Bank Group for over six decades through its thought leadership and financial support. Over the last ten years (2013-2023), IFC’s total financing in projects globally with Canadian clients and project sponsors totaled over 5.1 billion, of which 1.7 billion was IFC’s own account and 3.4 billion was in mobilization with other financing partners. The majority of funding was in oil, gas and mining, followed by electric power. Canada is one of IFC’s largest donors, supporting IFC’s investments and advisory services in all regions and across many sectors with a focus on climate, gender, agribusiness, and improving investment climate. Canada is a significant contributor to IFC's blended finance programs across all sectors and themes, in particular climate finance, with cumulative signed contributions of 702 million. Canada has also been actively supporting IFC Advisory Services with cumulative signed contributions 294 million as of June 30, 2023.
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“International Finance Corporation. 2024. IFC and Canada, Partners in Private Sector Development. © World Bank. http://hdl.handle.net/10986/41198 License: CC BY-NC-ND 3.0 IGO .”
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