In a significant development, the Aga Khan announced the creation of an Economic Partnership Platform with Prime Minister Mark Carney during his visit to Ottawa, Canada, from March 25 to 31, 2026. This partnership is designed to advance joint initiatives primarily in sub-Saharan Africa and the Asia Pacific regions.

The partnership reflects a shared commitment between the Government of Canada and the Ismaili Imamat towards inclusive economic development. It aims to facilitate the construction of affordable homes for low- and moderate-income households, with the Ismaili Imamat pledging investments in multi-generational not-for-profit housing projects across Canada.

With an estimated 120,000 Ismailis residing in Canada, the collaboration is poised to have a significant impact on both local communities and international development efforts. The Canada-Ismaili Imamat Joint Steering Committee will oversee the implementation of various deliverables, which include education, technology, and energy initiatives.

Mark Carney described the meeting as a “historic day,” emphasizing the importance of formalizing the partnership between FinDev Canada and the Aga Khan Fund for Economic Development. This collaboration is expected to enhance the effectiveness of development projects and foster greater cooperation.

The Aga Khan expressed optimism about expanding cooperation with Canada, stating, “The values and principles that are so inherently Canadian, we share.” He added, “Today will set the stage for more work together to make the world a better place.” This sentiment underscores the mutual respect and shared goals between the two entities.

The Aga Khan’s visit also includes community-focused engagements and the inauguration of a housing project in Toronto, further solidifying the partnership’s commitment to addressing housing needs in Canada.

Historically, the partnership between Canada and the Ismaili Imamat spans more than five decades, showcasing a long-standing relationship that has evolved to meet contemporary challenges. As the partnership unfolds, it is expected to bring about significant advancements in economic development and community welfare.

Details remain unconfirmed regarding the specific projects that will be prioritized under this new partnership, but the initial reactions from both leaders suggest a strong foundation for future collaboration.

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