The Canada Infrastructure Bank on Monday announced a program to help First Nation, Métis and Inuit communities buy equity ownership stakes in projects in their traditional territories, saying it would help the CIB meet its previously announced commitment to invest at least $1-billion in Indigenous infrastructure. The new Indigenous Equity Initiative is not a loan guarantee program – in which a government or another lender backstops a loan for a borrower who might not otherwise be able to borrow those funds – but an initiative through which CIB can provide loans directly to Indigenous communities so they can buy equity stakes in major projects, CIB managing director Hillary Thatcher said. T
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