$10B Indigenous Loan Guarantee Programme Fuels Major Capital Access For Nation-Led Projects
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$10B Indigenous Loan Guarantee Programme Fuels Major Capital Access For Nation-Led Projects
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Michael Bonshor, CPA, CMA, and newly appointed board chair of the Canadian Indigenous Loan Guarantee Corporation (CILGC), discussed the organisation's role in providing enabling affordable capital for Indigenous Nations. The CILGC, initially funded at $5 billion, was expanded to $10 billion by Prime Minister Mark Carney. With one deal completed and a number of applications received, the CILGC aims to support Indigenous economic opportunities across sectors. The CILGC's mandate now includes all sectors except gaming, and it plans to collaborate with other loan guarantee programmes to maximise funding utilisation.
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