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Financing: Findev Canada grants a USD 20 million loan to the Trade and Development Bank

12/11/2021
Categories: Companies

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Findev Canada announces a USD 20 million loan to the Trade and Development Bank. This funding is intended to support inter-regional and intra-regional trade in this part of the continent.

Announced over eight years, this facility builds on a memorandum of understanding signed in 2019 in which the two parties committed to work together to support sustainable economic growth in the region served by TDB, through various avenues, including through through trade and project finance. ‎‎ ‎ The financing also supports micro, small and medium-sized enterprises (SMEs). It should also target climate change adaptation and mitigation initiatives aimed at improving energy security and access to clean electricity, job creation and the reduction of greenhouse gas emissions. greenhouse (GHG), in line with the Paris Agreement, the Sustainable Development Goals and Agenda 2063.

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