Why the Multilateral Development Banks?
The multilateral development banks are mandated with reducing poverty and underdevelopment in certain regions by investing in projects to assist these areas. They share the common goal of fostering economic and social progress in emerging nations through their funding activities, their support of investment, and the creation of capital. These projects are a source of business opportunities for our companies, as their calls for tender are open to bids from suppliers of products and services from around the world, including Canada.
The activity in brief
Our exceptional speakers will give presentations that will allow you to:
- Ask all of your questions directly to the experts and get their advice
- Update your knowledge of the outlooks in various sectors
- Network with correspondents from the various multilateral development banks and federal and provincial trade officers
- Identify relevant business opportunities for your company
A unique opportunity to…
- Learn about business opportunities the multilateral development banks have to offer, as well as about promising sectors
- Meet potential partners and key stakeholders for your projects in Asia, Europe, Africa, and the Caribbean
- Understand the financial institutions’ tendering process, the rules, the selection, etc.
- Get advice from the experts and hear their perspectives on the potential challenges and issues, allowing you to assess your development strategy for the markets you are targeting.
Some information on the Multilateral Development Banks:
- The World Bank (WB) has set two ambitious goals: ending extreme poverty within a single generation, and promoting shared prosperity. These two objectives respectively aim to decrease the percentage of people living on less than $1.90 a day to no more than 3% by 2030 and to foster the income growth of the bottom 40% in every country.
- The Asian Development Bank (ADB) provides loans, technical assistance, and grants to its member countries in Asia and the Pacific. This bank is the third largest funder of development in the region.
- The African Development Bank (AfDB) is made up of three entities: the African Development Bank, the African Development Fund, and the Nigeria Trust Fund. Its principal mission is to fight poverty and to improve living conditions on the continent by promoting the investment of public and private capital in certain projects, as well as through the establishment of programs that can contribute to economic and social development in the region.
- The Inter-American Development Bank (IDB) is undergoing a reform to broaden its activities in the private sector and thereby ensure greater synergy between its operations in the private and public sectors. The IDB approved $13.8 billion USD in new funding in 2014, $22.6 million USD of which went to Canadian companies for consulting services.
Who should attend?
This activity is specially intended for:
- international development consultants and expert advisors
- companies interested in collaborating on projects with multilateral development banks
- universities, colleges and other institutions of higher learning
- engineering companies