First Nations Finance Authority (FNFA)
By providing a means to engage in pooled borrowing through the Finance Authority, First Nations have access to significant amounts of private financing in the global capital markets.
As of March, 2020, 57 First Nations in seven provinces have borrowed over $752 million from the FNFA ($683 million from debenture financing, plus $69 million in short term loans).
First Nations used these FNFA loans to build or improve schools, community housing and other infrastructure in their communities.
With the success of the six (6) bond issuances, interest in the regime from First Nations has grown across the country. With more than $6 billion in own source revenues collectively across all First Nations in Canada, the potential of the regime to help First Nations grow their economies is significant.