International Development Grant

Toronto Centre - Strengthening Financial Sector Supervision and Regulation 2014-2016

Project Number: CA-3-D000123001

Status: Closed

Country/Region: Unknown

Regional Focus:

Africa 34%
America 33%
Asia 33%

Maximum Contribution: $10,000,000.00

Start Date: December 20, 2013

End Date: December 31, 2016

Duration: 3.0 years

Project Description

This project aims to strengthen financial supervision and regulation in low-income countries and emerging markets to improve economic growth financial stability and access to finance. The project works to improve the ability of financial supervisors and regulators to contribute to their agencies’ crisis preparedness and promote change that leads to more sound and inclusive financial systems. This project supports the Toronto Centre which provides leadership courses and technical training for regulatory agencies in the financial sector with the goal of creating stronger financial systems in low-income countries and emerging-market economies. The Centre provides international regional and country short-term training programs and multi-year country capacity-building partnerships that are tailored to a country’s specific needs. This project also supports the Toronto Centre Community a forum that helps alumni apply what they have learned in real settings and a new stream of activity that delivers practical advice and analysis.

Expected Results

The expected intermediate outcomes for this project include: (1) increased effectiveness of financial sector supervisory and regulatory personnel in developing countries; (2) enhanced supervisory and regulatory frameworks and associated policies are implemented through financial supervisory and regulatory agencies; (3) increased access by Toronto Centre program participants to the Toronto Centre Community to connect with counterparts and program leaders and directors; and (4) increased production and dissemination of applied research on financial sector supervision and regulation.

Progress & Results Achieved

Results achieved by the Toronto Centre through the support of the Government of Canada as of the end of (December 2016) include: (1) delivery of 57 training programs to more than 1 100 supervisors and regulators from across 116 countries approximately 37% of which were women. This includes: 17 short-term training programs in Africa Asia Latin America and Caribbean; 15 long-term training programs in Colombia Costa Rica Ghana Indonesia Jamaica Kenya Panama and Tanzania; 16 regional training programs in Africa Asia and Latin American and the Caribbean; and nine international training programs; (2) capacity-building programs were delivered in six key sectors: banking insurance pensions securities micro-finance and micro-insurance; (3) three new programs were launched: a pilot Digital Finance in partnership with the Consultative Group to Assist the Poor (CGAP); an inaugural two-week Certificate Course on Core Curriculum for Financial Supervision; and a pilot program on Islamic Finance in partnership with the Islamic Research Training Institute.

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 70%
Monetary institutions 15%
Formal sector financial intermediaries 15%

Aid Type: Core support to NGOs other private bodies PPPs and research institutes

Collaboration: Bilateral core contributions to NGOs and other private bodies / PPPs

Finance Type: Aid grant excluding debt reorganisation

Selection Mechanism:
Department-Initiated

Policy Markers
Level 1 Gender equality
Major Funding (>$1M)
Budget Breakdown
2013-04-01 to 2014-03-31 $10,000,000 CAD
Geographic Information
000
Project Number: CA-3-D000123001