That solution could be the creation of an Interim Treaty Investment Authority (ITIA), initially funded by say $1 billion. The purpose of the authority would be to grant loans — not gifts — to first nations for approved projects. For approval, a project would have to be demonstrably feasible to a third-party, independent board of business people.Gibson says more money for investment and jobs is the solution. It begs this question: wouldn't that $1 billion help close a lot of Final Agreements now? The whole story behind the ITIA is here.
Wednesday, October 26, 2011
Interim Treaty Investment Authority?
Author and policy entrepreneur, Gordon Gibson with the Gitxsan Treaty Society says the process will take time to conclude treaties but has a solution for the meantime,
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I agree, $1 billion should go to closing deals. Economic development requires good governance, not easy under the Indian Act.
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