Grants and Contributions
About this information
In June 2016, as part of the Open Government Action Plan, the Treasury Board of Canada Secretariat (TBS) committed to increasing the transparency and usefulness of grants and contribution data and subsequently launched the Guidelines on the Reporting of Grants and Contributions Awards, effective April 1, 2018.
The rules and principles governing government grants and contributions are outlined in the Treasury Board Policy on Transfer Payments. Transfer payments are transfers of money, goods, services or assets made from an appropriation to individuals, organizations or other levels of government, without the federal government directly receiving goods or services in return, but which may require the recipient to provide a report or other information subsequent to receiving payment. These expenditures are reported in the Public Accounts of Canada. The major types of transfer payments are grants, contributions and \'other transfer payments\'.
Included in this category, but not to be reported under proactive disclosure of awards, are (1) transfers to other levels of government such as Equalization payments as well as Canada Health and Social Transfer payments. (2) Grants and contributions reallocated or otherwise redistributed by the recipient to third parties; and (3) information that would normally be withheld under the Access to Information Act and the Privacy Act.
$22,900,000.00
Mar 21, 2024
For-profit organization
Aequitas Impact Investment Fund
7457843 P012020001
This impact investment fund will help to improve the environment and well-being of vulnerable populations, especially women, in Africa, Asia and Latin America . It invests in small-scale financial institutions such as banks, microcredit, and micro-insurance companies in developing countries. Investments by the Aequitas Fund will help these financial institutions improve the availability of financial products, such as microcredit and micro-insurance, and services to underserved populations, including women, small and medium enterprises, youth, and smallholder farmers. The initiative will directly benefit 40,000 entrepreneurs (20,000 of them women) who will benefit from better, more inclusive financial products and services, and indirectly benefit up to 1.5 million clients of the recipient financial institutions.