The First Nations Major Projects Coalition (FNMPC) welcomes the Government of Canada’s loan guarantee decision
The First Nations Major Projects Coalition (FNMPC) welcomes the Government of Canada’s decision, prior to the election call, to increase the Canada Indigenous Loan Guarantee Corporation’s funding authority from $5 billion to $10 billion and to expand the Indigenous Loan Guarantee Program’s (ILGP) mandate beyond the natural resource sector to include major infrastructure, transportation, and trade projects. This announcement is a meaningful step towards advancing Indigenous economic participation and equity partnerships and strengthening the Canadian economy in alignment with the United Nations Declaration on the Rights of Indigenous Peoples. “FNMPC has consistently endorsed a flexible and sector-agnostic approach to ensure that First Nations can advance the equity investments that reflect their interests and values as rights-holders,” stated Sharleen Gale, Executive Chairperson of FNMPC’s Board of Directors. “This initiative is exactly what is required to build a m...