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How Canada plans to run the world’s newest development finance institution

By Paul Lamontagne      

In the developing world, entrepreneurs struggle to find the financing needed to grow their businesses, and, in turn, create jobs and reduce poverty. Now Canada’s set up a financing institution to help bridge the gap.

Members of the Wanawake Kwanza (Women First) growers association in Maza, Tanzania. Canada's new development finance institution, FinDev Canada, is set to focus its work in part on supporting women in developing countries. Photograph courtesy of USAID
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Most of us don’t think twice about stopping at a coffee shop each morning. But did you know the cost of one cup of coffee is more than what hundreds of millions of people around the world live on in a day? According to data from the United Nations, more than 700 million people are estimated to live under the poverty line of $2 a day. The large majority of these people live in Sub-Saharan Africa and South

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