Follow Us! Like Our Page!

Ottawa considers changes that would open door to more lending for First Nations – The Globe and Mail

The federal government says it is considering a parliamentary committee’s recommendation for Ottawa to work with First Nations agencies on a pilot project that would use financing raised on public markets to pay for replacing diesel power in remote communities.

The project is one of the suggestions contained in a recent report from the House of Commons standing committee on Indigenous and northern affairs. It would involve a concept called “monetization,” under which Indigenous communities would use long-term loans to pay for infrastructure instead of depending on annual federal funds. First Nations agencies say the new funding model could help tackle chronic infrastructure backlogs.

Read More: https://www.theglobeandmail.com/business/article-ottawa-considers-changes-that-would-open-door-to-more-lending-for/

 84 total views,  2 views today

NationTalk Partners & Sponsors Learn More