Grants and Contributions:

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Title:

Toronto Centre - Strengthening financial sector supervision and regulation – 2024 to 2028

Agreement Number:

7454165 P013455001

Agreement Value:

$20,000,000.00

Agreement Date:

Dec 20, 2023 - Mar 31, 2028

Description:

This project supports Toronto Centre’s efforts to deliver effective institutional capacity-building programs that promote financial stability and financial inclusion in developing countries. Toronto Centre provides intensive assistance globally, focusing on Sub-Saharan Africa, the Indo-Pacific, and special assistance to Ukraine. For the project’s duration, Toronto Centre’s priorities, as integrated into their core capacity development programs, include: (1) advancing financial inclusion and gender equality; (2) strengthening capacity to manage climate change and biodiversity loss-related risks in financial systems; and (3) accelerating financial sector support for food security amid geopolitical risks. Project activities include: (1) delivering technical, leadership, and supervisory guidance in capacity-building and training programs to financial supervisors in developing countries. This is done through practical and interactive teaching methods developed through a climate and gender lens; (2) offering a Certified Financial Supervisor (CFS) designation; and (3) developing supervisory guidance resources (Toronto Centre notes, webinars, podcasts) supporting developing countries.

Organization:

Global Affairs Canada

Expected Results:

The expected outcomes of this project include: (1) increased effectiveness of financial sector supervisory and regulatory personnel in developing countries supporting financial stability and increased financial inclusion for women and girls; and (2) enhanced application of gender and environmental sensitive supervisory and regulatory frameworks, structures and associated policies and practices by financial supervisory and regulatory agencies in developing countries.

Location:

Toronto, Ontario, CA M5H 2M5

Reference Number:

064-2024-2025-Q2-00630

Agreement Type:

Grant

Report Type:

Grants and Contributions

Recipient Type:

Not-for-profit organization or charity

Additional Information:

Belated reporting

Recipient's Operating Name:

TORONTO CENTRE

Recipient's Legal Name:

TORONTO CENTRE

Federal Riding Name:

Spadina--Fort York

Federal Riding Number:

35101

Program:

International Development Assistance Program

Program Purpose:

The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.