Bond to tackle diabetes in First Nations communities – The Globe and Mail
March 3, 2021
An Indigenous-led investment group plans to harness private capital to tackle diabetes in First Nations communities through a diabetes-reduction bond.
Under the proposal, investors would put up money for programs that would help improve the health of people with diabetes and prevent new cases, and the federal government would pay returns of 5 per cent to 9 per cent to investors from its savings in health care costs.
The projects financed through the proposed five-year bond would reduce diabetes rates and medical expenses, and provide community benefits such as improved access to healthy foods, said Jeffrey Cyr, managing partner with Raven Indigenous Capital Partners, the Vancouver-based firm behind the concept.
