Macro Economist, Brett House: Canada Needs to Get Serious About Development Finance | Huff Post Canada

Macro Economist, Brett House: Canada Needs to Get Serious About Development Finance | Huff Post CanadaThis past Wednesday, the Aga Khan Foundation convened in Ottawa a compelling meeting to look at adding a commercial lending arm to the Canadian government’s support for international poverty reduction.

The gathering came after months of speculation that 2015 might see the announcement of a new Canadian public fund to catalyze private investment in emerging and frontier markets.

In May, Federal International Development Minister Christian Paradis was named chair of the steering committee for the joint World Economic Forum — Organisation for Economic Cooperation and Development (WEF-OECD) “Redesigning Development Finance” initiative. This project is charged with identifying new ways to expand the pool of capital available for economic development in poor countries.

Read more: Canada Needs to Get Serious About Development Finance | Brett House.

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