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Article

11 Jun 2013

Author:
Canadian International Development Agency (CIDA)

Canada Promotes Private-Sector-Led Development to Help the World's Most Vulnerable People

The world's most vulnerable people will benefit from three new Canadian investments aimed at increasing private-sector-led investment and alleviating poverty in developing countries..."The new investments Canada is making today demonstrates our continued leadership to help harness the power, resources, and innovation of the private sector for the benefit of the most vulnerable," said Minister Fantino...Canada will support the establishment of the World Bank Group's Conflict-Affected and Fragile Economies Facility. The facility will provide insurance for private-sector-led projects that help support economic growth, reduce poverty, and improve people's lives in countries where conflict and fragile economies make attracting investment difficult...Canada is committing $27 million in new funding to help create the conditions that will encourage private-sector-led development in Jamaica. This includes support to assist youth who are at risk of turning to crime.