International Development Grant

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

Project Number: CA-3-P013455001

Status: Operational

Country/Region:

Ukraine 5.00%

Regional Focus:

Africa 40%
America 22%
Asia 33%

Maximum Contribution: $20,000,000.00

Start Date: December 20, 2023

End Date: December 31, 2028

Duration: 5.0 years

Project 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.

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.

Key Information

Executing Agency:
Toronto Centre

Reporting Organization:
Global Affairs Canada

Program:
YFMInternaAssistPartnershp&Programing Br

Last Modified:
September 19, 2025

Development Classifications

DAC Sector:

Financial policy and administrative management 60%
Monetary institutions 10%
Formal sector financial intermediaries 10%
Informal/semi-formal financial intermediaries 10%
Remittance facilitation promotion and optimisation 10%

Aid Type: Project-type interventions

Collaboration: Bilateral

Finance Type: Aid grant excluding debt reorganisation

Selection Mechanism:
Department-Initiated

Policy Markers
Level 1 Gender equality
Major Funding (>$1M)
Budget Breakdown
2023-04-01 to 2024-03-31 $20,000,000 CAD
Geographic Information
000
Project Number: CA-3-P013455001