Minister Paradis to Chair International Committee on Redesigning Development Finance

Canada's reputation as a strong fiscal manager and focus on jobs, growth and prosperity once again recognized on world stage

May 8, 2014 – Abuja, Nigeria – Foreign Affairs, Trade and Development Canada

During his visit to the World Economic Forum (WEF) on Africa meeting in Nigeria, the Honourable Christian Paradis, Minister of International Development and La Francophonie, was appointed as Chair of the Redesigning Development Finance Steering Committee. The Steering Committee of the WEF-OECD Redesigning Development Finance Initiative will promote a more systematic approach to testing and scaling up financial innovations and blending capital from philanthropists, private and commercial investors, and development institutions in order to accelerate progress towards development objectives.

"Canada is recognized around the world for its strong fiscal management, focused on creating sustainable economic growth and shared prosperity. As we look to the post-2015 development goals, we need to not only leverage the opportunities inherent in innovative partnerships, but better coordinate financing models and approaches if we are to achieve our ambitious targets," said Minister Paradis. "Creating sustainable economic growth is our most effective tool in eradicating poverty around the world. We need to look at new approaches to solving age-old problems and focus on areas where we can have the greatest impact. Canada will work with other nations to leverage new partnerships as well as financing tools and sources to generate jobs, growth, and prosperity in developing countries."

While in Nigeria, Minister Paradis met with members of the Nigerian government, including Vice-President Namadi Sambo, expressing Canada's deepest condolences and offering continued assistance in the fight against terrorism.

"Canada strongly condemns the kidnapping of Nigerian schoolgirls by Boko Haram. These cowardly acts are morally appalling. During my meeting with Vice-President Namadi Sambo, I offered Canada's condolences and continued assistance in the fight against terrorism," said the Minister. "Canada will work with Nigerian authorities to provide assistance in the effort to help find the missing girls. Specifically, Canada will provide surveillance equipment and the technical expertise to operate it."

During his trip, Minister Paradis also attended the Grow Africa Investment Forum as well as the Africa Health Innovation Meeting, participated in a meeting of the Canada-Nigeria Bi-National Commission and convened his Francophonie colleagues to advance the initiative of creating an economic arm of the International Organisation of La Francophonie.

Quick Facts

  • Before being named Minister of International Development, Christian Paradis held the economic portfolios of Industry and Natural Resources and served as Minister of State (Agriculture).
  • Canada strongly condemns the kidnapping of Nigerian schoolgirls by Boko Haram. Canada has offered its assistance to Nigeria in combatting this terrorist threat and securing the safe release of these girls. Officials from both countries are currently assessing where Canada can be of assistance.

Contacts

Margaux Stastny
Director of Communications
Office of the Minister of International Development and La Francophonie
819-953-6238
margaux.stastny@international.gc.ca

Media Relations Office
Foreign Affairs, Trade and Development Canada
343-203-7700
media@international.gc.ca
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