Anne Gaboury, DID President and Chief Executive Officer, was recently appointed to the Advisory Council of the Development Finance Institution (DFI). The organization was established in 2017 and operates under the name FinDev Canada.
A subsidiary of Export Development Canada (EDC), this new financial institution has an initial budget of 300 million dollars for the mission of facilitating access by entrepreneurs to financing in developing countries as part of the fight against poverty. To achieve this goal, FinDev Canada will provide innovative financial solutions to enterprises that have the potential to create jobs, contribute to the economic empowerment of women and join in the fight against climate change.
Currently composed of seven members, the newly established Advisory Council will have the mandate of assisting FinDev Canada take an innovative approach using investment and loans targeting strategic sectors of activities where financing development is likely to produce maximum impact. To do this, Anne Gaboury will draw on her twenty years of experience at DID in investing for social impact and her extensive background related to inclusive finance related to entrepreneurs and agricultural producers.
Members of the FinDev Canada Advisory Council are appointed in consultation with the Minister of International Trade and the Minister of International Development. Anne Gaboury’s term of office will be three years, renewable for another three years.