In a significant move to support the world's most vulnerable communities, Canada has reaffirmed its commitment to financing sustainable development. Secretary of State Randeep Sarai concluded his participation in the Fourth International Conference on Financing for Development (FfD4) in Sevilla, Spain, where he highlighted the importance of equitable access to financing.
The conference, which took place from June 30 to July 3, 2025, brought together world leaders to address pressing global challenges and accelerate progress towards achieving the Sustainable Development Goals (SDGs). Canada's participation at the FfD4 underscores its dedication to supporting sustainable development and building a more inclusive international financing system.
Secretary of State Sarai's commitment to FfD4 is reflected in Canada's contribution to The Common Principles for Private Capital Mobilization, a road map for mobilizing private capital for sustainable development. This initiative, co-led by Canada alongside France, Germany, Italy, and the United Kingdom, aims to simplify and standardize blended finance structures, thereby increasing access to financing for underserved communities.
Three new initiatives announced by Secretary of State Sarai focus on mobilizing sustainable investments in emerging markets:
The Blended Finance Accelerator for Fund Managers (A4FM) is a $10-million project aimed at increasing the mobilization of private capital for blended finance funds, with the ultimate goal of improving the livelihoods of those in underserved communities.
Support to the Integrated National Financing Frameworks (INFF) Facility is a $2-million project that addresses the persistent misalignment between financial systems and SDGs. This project will help developing countries align diverse financial flows with sustainable development priorities.
Funding the Future: Domestic Resource Mobilization in a Digital Economy is a $5-million project aimed at enhancing domestic resource mobilization through technical assistance programs, including support for implementing international standards to raise revenues from multinational enterprises.
These initiatives demonstrate Canada's commitment to using all sources of finance to strengthen economic growth and stability in developing markets. By combining private and public investment, Canada aims to help achieve the SDGs and build a better future for all.
"Through FfD4, Canada is again demonstrating its commitment to working with others to ensure that every country has the tools and resources it needs to invest in its people and build a better future for all," stated Secretary of State Sarai.