Canada contributes up to US$25 million to UN-affiliated BUILD Fund

Canada has committed up to CA$32 million (US$25 million) for the BUILD Fund, a blended impact investment vehicle to finance small and medium-sized businesses in low-income countries to help achieve the Sustainable Development Goals (SDGs). 

The Fund was established in partnership with the US, Norway, Luxembourg, Sweden, and the Nordic states through the Nordic Development Fund, and was announced at the UN Financing for Development Forum. The 6 member states have commited over US$60 million thus far.

Press release - UN Capital Development Fund