{"id":302,"date":"2018-03-01T22:51:59","date_gmt":"2018-03-01T22:51:59","guid":{"rendered":"https:\/\/fnleadingtheway.com\/ca-en\/?page_id=302"},"modified":"2020-03-13T00:53:37","modified_gmt":"2020-03-13T04:53:37","slug":"first-nations-finance-authority","status":"publish","type":"page","link":"https:\/\/fnleadingtheway.com\/2021-en\/first-nations-finance-authority\/","title":{"rendered":"FNFA"},"content":{"rendered":"
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First Nations Finance Authority\u00a0(FNFA)<\/h2>\n<\/div><\/div><\/div>
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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.<\/p>\n

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).<\/p>\n

First Nations used these FNFA loans to build or improve schools, community housing and other infrastructure in their communities.<\/p>\n

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.<\/p>\n<\/div>

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