International Development Projects - 2026-06-13 6:42:43 PM - all published projects English

CA-3-D000120001 2026-06-12T06:33:05 This project aims to reduce poverty by supporting the development of small and medium enterprises, which play a vital role in creating jobs and generating wealth in developing country markets. The project supports the launch of a 15-year investment fund that leverages private equity investment of up to $400 million to help up to 250 of the most promising small and medium enterprises in developing countries grow, thereby creating at least 15,000 new jobs. Through investments and technical assistance, the project also aims to increase access to products and services for up to 10,000,000 individuals, improve socially responsible business practices and generate additional revenues for small and medium enterprises and governments. This project is a collaboration among the Mennonite Economic Development Associates, Sarona Asset Management, and the MaRS Centre for Impact Investing. The project is part of Canada's commitment to promoting sustainable economic growth globally. Operational 2013-06-21T00:00:00 2028-06-21T00:00:00 Mennonite Economic DevelopmentAssociates of Canada Formal sector financial intermediaries 40.00% Business support services and institutions 20.00% Small and medium-sized enterprises (SME) development 40.00% 18944025.44 The expected intermediate outcomes for this project include: over the life of the fund, (i) expanded and improved investment services provided by 12 to 18 investment funds to up to 250 small and medium enterprises; and (ii) strengthened capacity for economic growth, job creation, reporting and social impact among 15 to 20 investment firms and up to 250 small- and medium- sized enterprises. Results achieved as of March 2024 include: (1) raised USD 150 million $ (CAN 193 million $) from the private sector and made available for investment in small and medium-sized enterprises (SMEs) in Africa, Asia, and South America; (2) created 84,248 jobs (44% for women) through funding to 139 SMEs; (3) generated $2.9 billion in tax revenues to local governments through investee SMEs’ contributions; (4) supported 18 investment funds to integrate gender equality, environment, and governance considerations into their business operations; and (5) supported 19 experienced North American mentors (50% Canadians) in mentoring 15 investment managers and 61 investment professionals (33% women) to improve their business competence. Project-type interventions Bilateral Aid grant excluding debt reorganisation Global Affairs Canada YFMInternaAssistPartnershp&Programing Br Unsolicited Proposal Gender equality America, regional Asia, regional Africa, regional 15750000.00 1050000.00 1050000.00 1050000.00 1250000.00 250000.00 1129275.00 2013200122 Mennonite Economic DevelopmentAssociates of Canada 18944025.44 170554.00 15000000.00 577836.00 320000.00 252005.00 450465.00 549865.00 347212.67 500000.00 480353.98 99753.00