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Other International Financial Institutions

The following international financial institutions (IFIs) play a smaller part in development funding than do the six main IFIs. They are very important sources of loans and grants for many countries, however, and can provide attractive procurement opportunities for Canadian businesses.

Arab Fund for Economic and Social Development (AFESD)

The AFESD is an Arab regional financial institution that supports economic and social development by financing public and private investment projects and by providing grants and expertise. AFESD-funded projects use international competitive bidding for procurement. Executing agencies evaluate the bids, although AFESD oversees the projects during implementation.

European Investment Bank (EIB)

The EIB is the lending institution of the European Union (EU). The EIB procurement process of international tendering, takes place according to procedures set out in the EIB Guide to Procurement.

Global Environment Facility (GEF)

The GEF is a partnership of 18 agencies that provides grants to developing countries for projects that benefit the global environment and promote sustainable livelihoods in local communities. Procurement for GEF-funded projects follows the guidelines and advertising practices of the implementing agency.

Islamic Development Bank (IsDB)

The IsDB provides financing for public and private projects that support the social and economic development of member countries, as well as that of Muslim communities in non-member countries. It operates in accordance with the principles of Shari'ah. In general, procurement is limited to firms based in Bank member countries. Firms from non-member countries can only participate as prime bidders when sufficient capacity is unavailable within member countries. This may affect the eligibility of Canadian companies that wish to bid on IsDB-funded projects.

North American Development Bank (NADB)

NADB and its sister institution, the Border Environment Cooperation Commission (BECC), were created by the governments of the United States and Mexico to preserve and enhance environmental conditions and the quality of life of people living along the U.S.-Mexico border. Procuring goods and services is the responsibility of the project sponsor, subject to compliance with NADB policies. NADB monitors the procurement process.

Organization of American States (OAS)

The OAS was created to promote peace, justice, solidarity, and collaboration among Member States by focusing on democracy, human rights, security and development. Barring some exceptions (such as emergencies), all procurement of goods and/or services above US$100,000 is subject to competitive bidding. For more information on current needs, refer to the Procurement Notices section of the website.

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