Introduction
Indigenous Peoples must be able to share in the benefits of natural resource and energy projects on their lands and on their own terms. Due to the Indian Act and the legacy of colonialism, there are significant challenges in securing capital and leveraging assets. These financial barriers limit Indigenous participation in projects that could generate long term economic benefits for Indigenous Peoples.
The Canada Indigenous Loan Guarantee Corporation is a newly established subsidiary of the Canada Development Investment Corporation (CDEV), a federal Crown corporation that manages critical financial transactions for the Government of Canada. The Canada Indigenous Loan Guarantee Corporation is responsible for managing the Indigenous Loan Guarantee Program, which provides financial solutions to help Indigenous groups participate in Canada’s growing natural resources and energy sectors. Its role includes engaging with eligible applicants, conducting due diligence, negotiating agreements, and issuing loan guarantees that empower Indigenous groups to take part in economic opportunities.
Objectives
The strategic objectives of the Canada Indigenous Loan Guarantee Corporation are to:
Advance Canada’s Indigenous economic reconciliation and self-determination objectives
Unlock access to affordable capital for Indigenous groups
Support Indigenous economic reconciliation
Facilitate Indigenous partnerships with private sector industry
Deliver better projects guided by Indigenous leadership and knowledge
Build Indigenous business and commercial dealmaking capacity
Team
Our team brings together financial, commercial, and Indigenous sector experts committed to fostering economic reconciliation. Guided by a shared vision of Indigenous economic empowerment, the Canada Indigenous Loan Guarantee Corporation works collaboratively with Indigenous groups, financial institutions, and key stakeholders to ensure communities across Canada benefit from access to affordable capital and long-term financial growth.
The Canada Indigenous Loan Guarantee Corporation will be governed by a diverse board of directors and executive team with Indigenous and non-Indigenous representation.