In partnership with Engineers Without Borders (Canada), other experts and stakeholders, the Canadian International Development Platform maintains this resource page on Canada’s Development Finance Initiative (DFI). Below are policy briefs which summarize our recommendations formulated via roundtables; and links to articles, data, analyses and other resources.
Why should Canada consider a DFI?
The following articles cover a range of opinions and views on why Canada should create a DFI to meet the goals of global poverty reduction and sustainable economic development.
Joint Submission to the House of Commons Standing Committee on Finance. James Haga and Brett House present a recommendation for a DFI to the House of Commons Standing Committee on Finance – Joint Submission to the House of Commons Standing Committee on Finance
Canada’s development finance plan: How to go beyond low-hanging fruit. Aniket Bhushan explains how Canada can move beyond low hanging fruit in implementing an ambitious development finance agenda – Canada’s development finance plan: How to go beyond low-hanging fruit
Time for Canada to get into the business of development. James Haga and Brett House explain how a Canadian DFI could provide commercial financing to companies working to build markets and support development around the world – Time for Canada to get into the business of development
The role of DFIs in tackling global challenges. ODI study on the role of DFIs shows that DFI investments (in a selection of 26 countries where they are concentrated) are increasingly significant, including at the aggregate level. DFIs have kept investment to GDP ratios more than 1.5 percentage points higher than would otherwise have been the case. DFIs are able to increase investment and, owing to their locational presence, they are likely to be particularly additional in poorer countries.
Canada needs to get serious about Development Finance. Brett House argues Canada should positioning itself to implement a DFI as a development policy tool – Canada needs to get serious about Development Finance
Development Finance: Enter the Private Sector. Brett House explains why poverty reduction will require an increase in investment activity, beyond an increase in traditional flows of aid – Development Finance: Enter the Private Sector
Three wishes for Canada’s new Development Finance Initiative. James Haga offers criteria for Canada to build a world class DFI – Three wishes for Canada’s new Development Finance Initiative
Getting the details right on the development finance initiative. Brett House and John W. McArthur discuss if EDC is the right place for a Canadian DFI to be housed – Getting the details right on the development finance initiative
It’s All About the Money. Aniket Bhushan and Yiagadeesen Samy argue that no matter the ambitious post-2015 development agenda, it all comes down to effective financing that will lead countries out of aid dependence – It’s All About the Money
What should Canada’s portfolio for private sector engagement in development look like? Shannon Kindornay takes a look at Canada’s current approach to private sector engagement and offers some lessons to inform a consolidated and expanded approach in the future – What should Canada’s portfolio for private sector engagement in development look like?
A new approach to private sector engagement in Canadian development cooperation? Shannon Kindornay discusses lessons for Canadian private sector engagement in development cooperation – A new approach to private sector engagement in Canadian development cooperation?
Two ways African government’s can hold DFIs accountable. Edward Jackson argues host governments in Africa face real obstacles to holding DFIs accountable for their actions. The good news is that there are solutions, and that African evaluators are well-positioned to help their governments overcome these challenges. Two ways African government’s can hold DFIs accountable.
New rules give donors too great an incentive to invest in the private sector. ODI’s Paddy Carter analyzes the impact of the OECD-DAC’s new guidelines for aid to the private sector, which now allow donors to record the full value of money they give to development finance institutions as aid.
Transparency and Accountability
The recommendations outlined in this document draw from the experiences and best practices of DFIs from around the world.
The following document explains the different forms of additionality that exist when working with the private sector in development.
UN Guiding Principles on Business and Human Rights
The UN Guiding Principles on Business and Human Rights are a set of guidelines for States and companies to prevent, address and remedy human rights abuses committed in business operations.
Children’s Rights and Business Principles
Developed by UNICEF, the UN Global Compact and Save the Children –the Children’s Rights and Business Principles (the Principles) are the first comprehensive set of principles to guide companies on the full range of actions they can take in the workplace, marketplace and community to respect and support children’s rights.
UN Global Compact
The world’s largest corporate sustainability initiative, the UN Global Compact helps companies align strategies and operations with universal principles on human rights, labour, environment and anti-corruption, and take actions that advance societal goals, by implementing the Compact’s 10 principles.
OECD Guidelines for Multinational Enterprises
The OECD Guidelines for Multinational Enterprises are the most comprehensive set of government-backed recommendations on responsible business conduct in existence today.
Lessons for a Canadian DFI – Brett House. Presentation at DFI Roundtable, April 2016. (PPT).
Presentation at DFI Roundtable – Aniket Bhushan, April 2016. (PPT).
Future of Development Finance, Beyond Aid – Aniket Bhushan, February 2016, Presentation to Global Affairs Canada staff (advanced topics in economics course). (PPT).
Portfolio Choice in a DFI Context: key considerations – Aniket Bhushan, April 2016. (PPT).
In Depth: A closer look at Private Sector engagement in Development Cooperation
The following reports explain the role of the private sector in development policy, and analyze Canada’s trade, investment and remittance flows with developing countries.