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,
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.

1 comment:

  1. I agree, $1 billion should go to closing deals. Economic development requires good governance, not easy under the Indian Act.

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