Project profile — Toronto Centre - Strengthening Financial Sector Supervision and Regulation 2018-2023



Overview 

CA-3-P005315001
$20,000,000
Toronto Centre (CA-CRA_ACR-2867901191)
2018-08-31 - 2023-12-31
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Africa, regional (34.00%)
• America, regional (33.00%)
• Asia, regional (33.00%)

Sector 

• Financial policy and administrative management:
Financial policy and administrative management (24010) (70.00%)
Monetary institutions (24020) (15.00%)
Formal sector financial intermediaries (24030) (15.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (not targeted)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

Description 

This grant represents Canada’s long-term institutional support to Toronto Centre. Toronto Centre uses these funds, along with other donors’ funding to achieve its mandate. Toronto Centre’s mandate is to enhance the capacity of financial regulators and supervisors around the globe, particularly in emerging markets and developing countries, to contribute to deeper, more inclusive and more stable financial systems, which lead to sustainable economic growth and poverty reduction. This project aims to reduce poverty and empower women to participate in the economic lives of their families and communities and contribute to broad economic growth and lasting change by increasing women’s access to financial services, including banking, investment instruments, credit and insurance. Project activities include: (1) improving data on the gender gap and conducting training and policy dialogue with partners to increase women’s access to and control over financial resources; (2) removing regulatory barriers that limit women’s rights to financial services; and (3) increasing women’s participation in decision-making at senior levels in national level financial regulation and supervision.

Expected results 

The expected outcomes as stated by Toronto Centre include: (1) strengthened gender responsive financial sector supervision and regulation in official development assistance countries (ODA); (2) increased effectiveness of financial sector supervisory regulatory personnel who support financial stability and financial inclusion for women and girls; and (3) enhanced application of gender responsive supervisory and regulatory frameworks, structures and associated policies and practices by financial supervisory and regulatory agencies.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral, core contributions to NGOs and other private bodies / PPPs
Type of aid Core support to NGOs, other private bodies, PPPs and research institutes
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