April 2019
New official development assistance (ODA) rules allow donors to count development-oriented direct equity investments, loans, guarantees, and other hybrid or blended investments as ODA.

By launching the bilateral development finance institution (DFI), FinDev Canada, as a small subsidiary of the much larger and profitable Export Development Canada, and reporting the capitalization as ODA in keeping with new rules on private sector instruments, Canada was able to increase its OECD-DAC reportable ODA by CAD$100 million in 2018, at no additional fiscal cost.
Canada’s total international assistance increased 8.8% compared to the last fiscal year and is now over CAD$6 billion. Three main factors explain the increase:

  • A resulting increase in IAE funded programs implemented via Global Affairs Canada (GAC); and

GAC's project-level development aid spending was CAD$4.1 billion in 2017-18 , up slightly from CAD$3.9 billion in 2016-17. 58% of GAC's aid projects were delivered via multilateral organisations.
Canada’s ODA was USD$4.52 billion in 2018, as compared to USD$4.3 billion in 2017 — a 5% increase. Canada’s ODA/GNI ratio is now 0.28%, up from 0.26% in 2017.
Standing Senate Committee Submission: New Authorities Expand GAC's Development Finance Toolkit
CIDP leverages open data and big data to provide a comprehensive picture of Canada's engagement with developing countries.
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