IFC and Canada in Sub-Saharan Africa
Partners in Private Sector Development
Canada is an increasingly important partner for IFC’s work in Sub-Saharan Africa, based on shared priorities in private sector development. The main areas of partnership are investment climate, agribusiness, the extractive and financial sector and gender, to which Canada has committed a combined total of more than $18 million (US) over the last two years.
A Growing Partnership
In Ethiopia, Canada is supporting IFC’s investment climate program, which is aims to create an enabling environment for private sector development. It supports capacity-building of government institutions to establish and implement effective institutional frameworks and systems that support private sector development.
Canada supports an IFC project aimed at improving the livelihoods of small-scale African farmers by increasing their access to local, regional and international markets. Farmers will receive support in adopting and meeting international trade standards, thus improving their practices and quality of their produce. Farmers will be integrated in key activities along the producer-to-buyer supply chain, in partnership with the private sector, using techniques such as contract farming.
Canada is contributing to a global initiative on extractive industries and financial sector, with women’s economic empowerment as a cross-cutting theme. In the extractive sector, IFC aims to increase local investments that enhance social, environmental, and economic benefits to communities. In the financial sector, IFC helps increase the availability and affordability of financial services for entrepreneurs and micro, small and medium enterprises by working with financial institutions, improving financial infrastructure and providing advice to governments.
Stimulating Sustainable Economic Growth
Stimulating sustainable economic growth is one of three priority themes of Canada's international assistance. Within this area, Canada focuses on three paths to help developing countries grow their economies and provide new opportunities for their citizens.
- Building economic foundations, including improving legal frameworks; and helping private sector companies expand their business and integrate into regional and global markets.
- Growing businesses, including strengthening support for small businesses, and increasing productivity and the availability of financial services.
- Investing in people, including access to skills training and learning initiatives that lead to business growth, market expansion, and increased productivity.
For more information:
- IFC, Canada Partner to Improve Market Access for African Farmers
- Department for Foreign Affairs, Trade and Development