Grants and Contributions

Support the acquisition, development, construction, improvement or repair as well as the management, maintenance, safety and accessibility of eligible fishing harbours.

The International Finance Facility for Education (IFFEd) was created to address the global financing gap for education. Its purpose is to support the Sustainable Development (SDG) 4 goals of access to quality, safe and inclusive education for all and reaching the most marginalized children and youth in lower-middle income countries (LMICs).

LMICs are home to most of the world’s poor and out-of-school children and youth. While the lowest income countries receive the highest proportion of grant aid and financing, LMICs fall into a “missing middle” category: they are “too poor” to mobilize domestic resources but have become “too rich” to access low-cost or grant financing for education from donors and multilateral development banks. Globally, 80% of the annual financing gap in education is expected to be in LMICs by 2030. By providing affordable debt financing, IFFEd fills a critical gap in the international financing architecture and has the potential to mobilize $10 billion in additional financing for education and skills by 2030.

IFFEd’s mechanism is a mixture of guarantees and direct grants. It aims to multiply scarce donor resources up to 7 times. First, IFFEd aims to use donor funding in providing portfolio guarantees. This is a new form of guarantee to multilateral development banks. This allows multilateral development banks to expand their total lending capacity for education by insuring their entire portfolio against the risk of late payment. Guarantees are important tools in development finance because they reduce investors’ exposure to risks and attract additional capital to developing countries. IFFEd guarantees seeks to lower the risk for multilateral development banks in providing loans to countries investing in education. This is done by promising to pay up to the amount of the guarantees in case there are late payments on some of the loans. Second, in combination with the guarantee, IFFEd also aims to provide grants which makes the additional education finance more affordable for LMICS. This includes reducing the cost of borrowing and lowering the interest rate on the loan.

Upgrading facilities: In the aftermath of Hurricane Fiona, the project aims to restore economic and community activity at a vacation resort.

The project consists of a capital investment in a high end 4K cinema lens (Canon CINE-SERVO 50-1000mm T5.0-T8.9 Lens with SS-41-IASD Kit), a cinematography drone (DJI Mavic 3 Pro Cine) and a large data storage system (128TB OWC ThunderBay 8 data storage system).

Support for student internship program 2024-25 (PERCÉ)

Construct four season outdoor agri-tourism infrastructure

Establish an authentic Indigenous artisan studio and gift shop

Supporting 20 small francophone businesses with capacity building and coaching.

Grant made under the Particpant Funding funding stream to enable participation in Crown consultation activities for the NEBC Connector Project.

Participant funding grant to participate in CER-led early engagement activities for the Sunrise Expansion Program