Innovative finance programs
Global Affairs Canada funds innovative finance projects that leverage public and private investment to advance sustainable development, gender equality, and climate action in developing countries.
Funder: Global Affairs Canada
Due Dates: Rolling (Unsolicited proposals accepted for some programs)
Funding Amounts: Typically between CAD $5M–$20M per project (CRC); total pilot pools up to CAD $657.7M+ (Sovereign Loans); amounts and terms vary by program.
Summary: Supports innovative financing tools—including repayable contributions and sovereign loans—to advance sustainable development in developing countries, aligned with the UN SDGs and Canada’s Feminist International Assistance Policy.
Key Information: Not all programs are open for applications; unsolicited proposals accepted for Conditionally Repayable Contributions.
Description
Global Affairs Canada’s innovative finance programs comprise several pilot initiatives aimed at modernizing Canada’s approach to international development financing. These programs offer greater flexibility in funding arrangements, diversify engagement tools with partner countries and organizations, and align Canada’s assistance mechanisms with global best practices. Key components include the International Assistance Innovation Program (IAIP), Sovereign Loans Program (SLP), and Conditionally Repayable Contributions (CRC) Pilot, all focused on leveraging public funds to mobilize additional private investment for sustainable development, poverty reduction, gender equality, and climate action in eligible developing countries.
