Financing Indigenous community development projects – On-Site Magazine ...Middle East

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FNBC CEO Bill Lomax (left) and CIB CEO Ehren Cory. (CNW Group/Canada Infrastructure Bank) A $100-million loan participation agreement between Canada Infrastructure Bank (CIB) and the First Nations Bank of Canada (FNBC) will bring new infrastructure to First Nations, Métis, and Inuit communities. The program will provide Indigenous communities with access to affordable and flexible financing to unlock enabling infrastructure development that can support improved living conditions, new economic opportunities and housing. When announcing the program, the banks explained that limited access to affordable capital at flexible terms can constrain, impede or stop the achievement of community dev

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