FNFA Staff

Désignations

    Spécialisations

      Designations

        Spécialisations

          Prêts de l’AFPN aux EVS : LA PROCHAINE ÉTAPE D’UN PROGRAMME DE GARANTIE DE PRÊTS PLUS FORT ET AUTOCHTONE

          Pour publication immédiate : 26 mars 2025


          Première nation de Westbank, Colombie-Britannique – L’Autorité financière des Premières Nations (AFPN) applaudit la récente décision du gouvernement du Canada d’augmenter le pouvoir de financement de la Corporation de garantie de prêts pour les Autochtones de 5 à 10 milliards de dollars. Cette décision d’élargir le Programme de garantie de prêts pour les Autochtones (PGPA) afin de couvrir non seulement les ressources naturelles, mais aussi les infrastructures, les transports et le commerce est une décision qui est non seulement bonne pour les Premières Nations, mais aussi pour le Canada, ce qui est particulièrement important à une époque où les possibilités économiques se modifient. Il s’agit d’une étape importante, et l’AFPN est prête à travailler avec les Premières Nations pour transformer cette opportunité en prospérité.

          Depuis plus de 11 ans, l’AFPN est un modèle autosuffisant unique au monde en vertu de la Loi sur la gestion financière des Premières Nations (LGFPN), qui fournit plus de 3 milliards de dollars de financement aux gouvernements des Premières Nations pour l’infrastructure et le développement économique, contribuant ainsi à hauteur de plus de 7 milliards de dollars à l’économie du Canada. Mais il faut faire davantage pour combler le déficit de 350 milliards de dollars en matière d’infrastructures.

          « La réconciliation économique ne se limite pas au financement ; elle englobe l’accès », a déclaré le Chef Derek Epp, de la Première Nation Ch’íyáqtel, en Colombie-Britannique, et président du conseil d’administration de l’AFPN. « Grâce aux prêts de l’AFPN, les nations deviennent des partenaires à part entière de leur propre avenir. Nous offrons des taux d’intérêt plus bas et des rendements plus élevés, ce qui permet de conserver une plus grande valeur dans nos communautés. »

          À l’heure actuelle, l’AFPN ne peut prêter qu’aux gouvernements des Premières Nations soutenus par leurs propres sources de revenus. L’AFPN collabore avec le Canada pour modifier la LGFPN afin d’autoriser les prêts aux entités à vocation spéciale, un modèle qui a fait ses preuves lorsque plusieurs nations choisissent de travailler ensemble de manière sécurisante et stratégique sans mettre en péril les budgets de fonctionnement de leurs communautés.

          « Si l’AFPN pouvait prêter aux EVS avec le soutien d’une garantie de prêt fédérale, les nations, quelle que soit leur taille, pourraient accéder à un financement abordable et se lancer dans la construction de grands projets plus rapidement que jamais », a déclaré Ernie Daniels, président-directeur général de la FNFA. « Nous nous félicitons de l’élargissement de ce mandat et demandons à tous les dirigeants fédéraux, qu’il s’agisse de Mark Carney ou de Pierre Poilievre, de soutenir la prochaine étape logique : modifier la loi pour autoriser les prêts aux entités à vocation spéciale. L’AFPN reste prête à travailler avec son partenaire de traité pour s’assurer que la croissance menée par les Premières Nations alimente la prospérité de tous les Canadiens.

          -30-

          L’AFPN est une organisation à but non lucratif qui offre des financements et l’accès à des prêts à long terme à des taux d’intérêt préférentiels, ainsi que des services d’investissement et de conseil aux gouvernements des Premières Nations qui adhèrent volontairement à la Loi sur la gestion financière des Premières Nations. L’AFPN ne dépend pas du financement du gouvernement fédéral et est autosuffisante.

          Contact médias :

          Jennifer David, AFPN

          Directrice des communications et du marketing

          Courriel: jdavid@fnfa.ca

          First Nations urge Canada to Choose Partnership over Paternalism

          First Nations urge Canada to Choose Partnership over Paternalism in Federal Budget by Enacting Collaborative Funding Model to Close the Infrastructure Gap

          OTTAWA, ON, March 22, 2023 /CNW/ – First Nations Finance Authority (FNFA) is urging Canada to embrace a new and innovative method of funding Indigenous infrastructure based on partnership rather than paternalism to keep its promise to bridge the infrastructure gap between First Nations and the rest of Canada by 2030.

          « The federal model for funding infrastructure has failed to deliver the housing, clean water and other critical infrastructure that will improve the living conditions in First Nations communities, » said FNFA President and CEO Ernie Daniels. « We believe there is a better way, a way that works with First Nations as partners rather than the colonial approach that’s rooted in the almost 150-year-old Indian Act. »

          FNFA and its Indigenous partners are urging the federal government to start by annually setting aside $200 million in the upcoming budget. FNFA will issue a debenture to build priority infrastructure and funds provided by Canada will service the debenture payments. This annual amount can increase each year as the program increases in size. The innovative new program is called Monetization – build now at today’s costs and repay over a preferred loan term. Monetization is the same way that provinces and municipalities pay for infrastructure.

          FNFA is a federally legislated, non-profit financial institution with 151 borrowing First Nations members in all provinces and the Northwest Territories. It has provided $1.8 billion in loans to fund critical infrastructure and economic development projects in First Nation communities and has earned a rating among international bond rating agencies equal to that of Ontario and Alberta. All of the $1.8 billion in loans is supported by the First Nations own-source revenues. These revenues are not sufficient to materially close the infrastructure gap further. A partnership with Canada and the FNFA is needed.          

          In fact, a new report from the Assembly of First Nations and Indigenous Services Canada pegs the infrastructure gap at a staggering $349.2 billion.

          Monetization would be an alternative to the current government « annual cash » model and would leverage the capital markets through a FNFA debenture to provide long-term loans to qualifying First Nations to finance critical infrastructure. Monetization would focus on such community priorities such as housing, clean water, replacement of diesel generators with clean energy, schools, health centres, administration centres, and other community priorities.

          Using housing as an example, $200 million in annual federal funding could finance a $3.6 billion FNFA debenture monetized over a 20-year term, which would build about 12,000 houses at today’s construction costs with work beginning immediately. Far fewer homes could be built under the current pay-as-you-go model with inflation impacting costs in the years ahead.

          « Monetization would be a new tool that could put shovels in the ground now to address the critical shortage of decent infrastructure in our communities, » said FNFA Chair Warren Tabobondung, who is also Chief of Wasauksing First Nation in Ontario.

          Last April, the Standing Committee on Indigenous and Northern Affairs recommended that the federal government work with Indigenous institutions to test monetization to transition remote Indigenous communities off dirty diesel fuel into cleaner energy.

          « Monetization is not a silver bullet that will close the huge and growing infrastructure gap overnight, » said FNFA Vice-Chair of the Board of Directors, Derek Epp, who is also Chief of Tzeachten First Nation in British Columbia. « However, it could be a real game changer for those qualified First Nations that choose to follow this path in our journey toward economic reconciliation. »

          For more information about Monetization, please visit: www.fnfa.ca/monetization/ 

          About the First Nations Finance Authority (FNFA)
          FNFA is a not-for-profit First Nation institution that plays a crucial role in the social and economic development of First Nations across Canada by providing qualifying members with access to the capital markets at competitive rates. Established by the federal First Nations Fiscal Management Act in 2005, FNFA is by First Nations, for First Nations. FNFA will continue to expand and diversify, looking to strengthen its credit rating and increase the financial benefits to its growing membership.

          SOURCE First Nations Finance Authority

          Naomi Mison, Communications Manager, Telephone: 250-768-5253, Email: nmison@fnfa.ca

          Ernie Daniels leads generational shift in how First Nations access capital

          When Ernie Daniels was appointed to the Bank of Canada’s board of directors in January 2023, he became the first Indigenous leader to receive the honour. It was a major step forward for Indigenous Canadians, and the culmination of years of hard work by Daniels.

          “I’m not a person that likes to pound my chest, but it’s a huge accomplishment for Indigenous and First Nations people as we move forward,” he said. “It leaves the opportunity for First Nations to continue being on the board of the central bank.”

          Born into a household with no TV or running water, Daniels was raised and educated in the Northwest Territories. A member of the Salt River First Nation on the banks of the Slave River, he grew up in an area known for its bison, whitewater rapids and white pelicans. After graduating from high school, he worked for Environment Canada as a hydrometric survey technician, taking inventories of rivers and lakes.

          Deciding he wanted to pursue a career in public and business administration, Daniels took a course at Arctic College (now Aurora College), excelled in accounting and soon became a certified general accountant. He went into public practice in Yellowknife and started working with Indigenous development corporations. He became chair of the Northwest Territories Development Corp., a Crown corporation whose mandate was to create employment and income opportunities.

          Around this time, Daniels became a chair of the society that helped build a permanent legislative building for the Northwest Territories.

          “The assembly in the Northwest Territories didn’t have a permanent home,” he explained. “They would go from community to community where they held sessions.”

          He also helped establish the Métis-Dene Development Fund that lends to Métis and First Nations businesses in the Northwest Territories, and was a founding director of a non-profit association that provided affordable housing to Indigenous people in Yellowknife.

          Eventually, Daniels found himself in Ottawa working with the Aboriginal Healing Foundation, which used a $350 million federal grant to address the legacy of residential schools through community healing programs. “I made a lot of contacts and built a network of community members that really benefited me later on in life,” he said.

          From there, he went on to work with the Aboriginal Financial Officers Association of Canada (AFOA Canada), whose mandate was to build skills and capacity for financial officers in Indigenous communities, leading to an improved quality of life through better program management. Through AFOA Canada, Daniels helped create a Certified Aboriginal Financial Manager certification program in partnership with CGA (now CPA) Canada.

          Since 2012, Daniels has served as president and CEO of the First Nations Finance Authority (FNFA). A non-profit financial institution, FNFA has a financing model that allows it to go directly to capital markets to borrow and fund projects related to infrastructure, health, schools, roads, resource development and alternative energy. FNFA has raised close to $3 billion since 2014, has respectable credit ratings and has attracted investors from as far away as South Korea, Europe and the Middle East.

          One of FNFA’s notable projects was funding seven Mi’kmaq communities to take a 50-per-cent equity stake in Clearwater Seafoods, the largest seafood company in North America. Under Daniels’ leadership, FNFA has gone to the capital markets 11 times.

          “The work that we’re doing here is so groundbreaking,” he said. “The other Indigenous countries like Australia and the U.S., they want to do what we’re doing.”

          Daniels said he encountered challenges early on in his accounting career, and had to push himself to grow and adapt.

          “I was a single father at the time, trying to maintain family life and work in a balance,” he said. “I had to overcome a fear of change. When an opportunity came to me, I had to overcome that fear of the unknown and what to expect.”

          Now, Daniels is motivated to create a better quality of life for Indigenous communities, help them achieve economic self-sufficiency and close the infrastructure gap that exists between First Nations and mainstream Canada. He is grateful to the teams that have supported him along his journey, and tells youth that they shouldn’t give up when things get tough.

          “When you start something, don’t quit,” he said. “If you fail at it and want to do something else, you are still learning something from it. When an opportunity comes to you, take a chance and look at it. It may not be what you need at this point in time, but whatever you learn from it is going to help you grow as a person.”

          jmakan@biv.com