menuclose

Canada

Global Affairs Canada leads the country’s international development and humanitarian assistance, manages Canada’s diplomatic and consular relations, and promotes Canadian international trade.

In its 2024–2025 Departmental Plan, Canada aims to strengthen the rules-based international system; advance democratic principles, human rights, and gender equality; and promote biodiversity and climate action. Canada’s Feminist International Assistance Policy focuses on eradicating global poverty, advancing the United Nations' Sustainable Development Goals, and dismantling discriminatory practices and structural barriers. The development assistance will support the poorest and most marginalized people, particularly women and girls in vulnerable situations, by promoting women’s equality, preventing sexual and gender-based violence, and defending sexual and reproductive health and rights. Canada will also address global food and nutrition needs, invest in climate change mitigation and adaptation, and prevent biodiversity loss in developing countries.

Canada’s Indo-Pacific Strategy, released in November 2022, focuses on five interconnected objectives: (i) promoting peace, resilience, and security; (ii) expanding trade, investment, and supply chain resilience; (iii) investing in and connecting people; (iv) building a sustainable and green future; and (v) positioning Canada as an active and engaged partner in the Indo-Pacific. The strategy begins with an investment of almost Can$2.3 billion over the next 5 years.

In March 2024, Canada committed Can$360 million (approximately $267 million) to the Canadian Climate and Nature Fund for Private Sector in Asia (CANPA), a single-donor trust fund established in 2024. CANPA will support private sector projects in Asia and the Pacific focused on climate and nature-based solutions while accelerating gender equity.

Canada is a founding member of ADB and has contributed $2.2 billion to ADB special funds since 1966. Of this commitment, $2.1 billion is for the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income developing member countries to help reduce poverty and improve quality of life.

Priorities

  • Human rights
  • Women’s equality
  • Biodiversity
  • Climate action
  • Peace and security
Source:

Global Affairs Canada 2024–25 Departmental Plan

News

Standard Post with Image

New ADB–IFFEd Partnership to Unlock $500 Million in Concessional Education Financing in Asia and the Pacific

26 September 2024

ADB signed an agreement with the International Finance Facility for Education that will enable at least $500 million in new concessional education funding for lower middle-income countries in Asia and the Pacific.

Standard Post with Image

Canada and ADB Launch New Fund to Support Private Sector Climate Action and Nature-Based Solutions

17 June 2024

The Government of Canada and ADB announced a partnership to create a new Can$360 million trust fund (about $255 million). The Canadian Climate and Nature Fund for Private Sector in Asia will support private sector projects in Asia and the Pacific focused on climate and nature-based solutions while accelerating gender equity.

Standard Post with Image

$5 Billion Asian Development Fund Replenishment Agreed to Support Most Vulnerable People in Asia and the Pacific

3 May 2024

Donors and ADB have agreed to a replenishment of $5 billion for ADB’s Asian Development Fund 14 and Technical Assistance Special Fund 8. The commitment was made during ADB’s 57th Annual Meeting.

Stories

Maldives
Standard Post with Image

Boosting Small Businesses and the Blue Economy

ADB, Austria, Canada, and Japan are providing the Bank of Maldives with a financing package for the recovery of small businesses and investments in sustainable blue economy projects.

Viet Nam
Standard Post with Image

Solar Power Meets Hydropower

Viet Nam’s Da Nhim-Ham Thuan-Da Mi Hydro Power Joint Stock Company installed floating solar panels over the reservoir of a hydropower plant to address the country’s increasing demand for electricity. A unique financing package from ADB, Canada, and Japan supported the project.

Bangladesh
Standard Post with Image

Emergency Rehabilitation After Floods and Cyclone

Cities in Bangladesh ravaged by floods brought by Cyclone Sidr are rising up to become livable once more through improved infrastructure adhering to cyclone-resistant and flood protection design standards.

Bangladesh
Standard Post with Image

Keeping the Kids in Primary School

Bangladesh’s Primary Education Development Program introduced innovative approaches that changed the face of basic education in the country, helping increase primary school enrollment and completion rates over the last 20 years.

Knowledge

ADB and Canada collaborated on several knowledge products and/or events including the following:

Standard Post with Image

Business Opportunities Webinar with Canada

ADB undertakes Business Opportunities Seminars for its members to improve the interest and ability of eligible suppliers to locate ADB business opportunities, prepare high-quality and responsive bids, and understand ADB’s procurement and anticorruption procedures.

Active Trust Funds

Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.

Financing Commitments

Canada contributes to ADB’s development initiatives through two key avenues: Cofinancing and Special Funds.

Cofinancing

2024

  • Trust Funds Contribution $267 million

5-YEARS

  • Project-Specific Cofinancing $9.9 million
  • Trust Funds Contribution $291.1 million

Special Funds

  • Asian Development Fund $2.1 billion
  • Technical Assistance Special Fund $99.6 million

2024 cofinancing highlights

Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported over 240 transactions valued at $686.8 million with banks domiciled in Canada from 2009 to 2024. During the same period, the TSCFP supported over 240 Canadian exports and/or imports valued at $110.2 million. In 2024 alone, the TSCFP supported 17 transactions valued at $9.4 million with banks domiciled in Canada and supported 23 Canadian exports and/or imports valued at $3.3 million. Exports and/or imports were mainly to/from Bangladesh, Viet Nam, and Indonesia. Underlying goods involved mostly raw and non-energy commodities, food and agriculture-related goods, as well as consumer goods.

Projects