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:
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:
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