British International Investment (BII) and FinDev Canada today announced the signing of a Memorandum of Understanding (MOU) to enhance cooperation between their respective concessional finance facilities. The agreement underscores the two institutions’ shared commitment to mobilise greater private sector investment in emerging markets and developing economies.
Through the MOU, FinDev Canada and BII will work together to streamline processes, including the sharing of investment pipelines and due diligence, and to identify opportunities for joint execution of transactions.
This collaboration aims to improve efficiency and consistency for market participants while ensuring stronger alignment with the priorities of both institutions’ shareholder governments.
By pooling expertise, resources, and concessional instruments, the partnership is designed to lower barriers for private investors and accelerate capital flows toward sustainable development. It reflects the institutions’ recognition that efficient collaboration between development finance partners is essential to unlocking the scale of private capital required to meet global development and climate goals.
Leslie Maasdorp, Chief Executive Officer at BII, said: “In today’s complex global environment, the role of DFIs has never been more critical. By working together and leveraging our concessional finance capabilities, BII and FinDev Canada can unlock private capital where it’s needed most and deliver more impactful solutions to the challenges facing emerging markets. This partnership reflects our shared belief that collaboration is key to scaling development and climate finance”
Lori Kerr, Chief Executive Officer at FinDev Canada, said: “Bilateral development finance institutions are uniquely positioned to move with agility and speed. By working together, FinDev Canada and BII aim to do even more with every development dollar. This collaboration will bring greater efficiency to the deployment of concessional capital to unlock even more private investment in the markets we serve.”
For media inquiries, please contact:
BII: Nia Tam | [email protected]
About British International Investment
British International Investment is the UK’s development finance institution and impact investor. The organisation invests in businesses in developing countries to improve people’s lives and help protect the planet. BII’s work targets the underlying causes of poverty and the climate crisis, helping countries break free from aid dependency for good.
Between 2022-2026, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which has raised over $33.6 billion to empower women’s economic development. The company has investments in over 1,600 businesses across 66 countries and total net assets of £9.87 billion. For more information, visit: www.bii.co.uk | watch here. Follow British International Investment on LinkedIn, Bluesky and X.
