Canada Infrastructure Bank launches $1 billion Indigenous Equity Initiative By Investing.com ...Middle East

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© Reuters. The Canada Infrastructure Bank (CIB) has unveiled the Indigenous Equity Initiative (IEI), a program designed to support First Nation, Métis, and Inuit communities in acquiring equity stakes in major infrastructure projects. This initiative commits at least $1 billion to facilitate Indigenous participation in the clean energy generation and mineral development sectors, which are considered crucial for the economic growth of these communities and the country. The IEI offers equity loans ranging from $5 million to $100 million, covering up to 90% of an Indigenous group’s equity investment in infrastructure projects on their ancestral lands. The loans come with the advantage of

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Last updated : 27 Nov 2023 clock 07:00 PM

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Canada Infrastructure Bank launches $1 billion Indigenous Equity Initiative By Investing.com ...Middle East

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