Evidence of meeting #37 for Foreign Affairs and International Development in the 39th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was finance.

A recording is available from Parliament.

On the agenda

MPs speaking

Also speaking

Gerald Schmitz  Committee Researcher
James Lee  Committee Researcher
Marc Toupin  Procedural Clerk

5:10 p.m.

Conservative

The Chair Conservative Kevin Sorenson

The question is on amendment L-5.1.

(Amendment agreed to) [See Minutes of Proceedings]

5:10 p.m.

Conservative

The Chair Conservative Kevin Sorenson

Amendment NDP-11 is now not put.

Next is NDP-12. Madam McDonough.

5:10 p.m.

NDP

Alexa McDonough NDP Halifax, NS

Consistent with the consensus that has already been achieved, we remove all references to the advisory committee. That is where this is coming from.

5:10 p.m.

Conservative

The Chair Conservative Kevin Sorenson

This is consequential from another amendment. It deletes proposed paragraph 9(1)(b), lines 17 and 18 on page 5:

(b) a summary of the annual report submitted by the Committee under section 8;

Is anyone speaking to that? I will give you time.

(Amendment agreed to)

5:10 p.m.

Conservative

The Chair Conservative Kevin Sorenson

Next is amendment NDP-13. Madam McDonough.

5:10 p.m.

NDP

Alexa McDonough NDP Halifax, NS

This is again very straightforward. It is a response to wanting to make this more inclusive. It is that proposed paragraph 9(1)(d) be amended by replacing lines 24 and 25 on page 5 with the following:

priorities and policies of the Bretton Woods Institutions; and

It replaces “World Bank and the International Monetary Fund” with “Bretton Woods Institutions”.

I so move.

5:10 p.m.

Conservative

The Chair Conservative Kevin Sorenson

All right. Is it consequential? It is not really.

Does anyone want to comment on this?

Mr. Patry.

5:10 p.m.

Liberal

Bernard Patry Liberal Pierrefonds—Dollard, QC

I just want to ask Madam McDonough this. Do the World Bank or IMF or all the Bretton Woods institutions not report on a yearly basis? Why should we put that here? I'm just asking. I think they report.

5:10 p.m.

NDP

Alexa McDonough NDP Halifax, NS

Let me look back.

5:10 p.m.

Liberal

Bernard Patry Liberal Pierrefonds—Dollard, QC

I think it's redundant, that's all.

5:10 p.m.

Liberal

John McKay Liberal Scarborough—Guildwood, ON

It's not redundant. We're just changing—

5:10 p.m.

Conservative

The Chair Conservative Kevin Sorenson

A summary of any representation made by Canadian representatives with respect to priorities and policies of the

Bretton Woods institutions—and the International Monetary Fund?

5:10 p.m.

Liberal

John McKay Liberal Scarborough—Guildwood, ON

It just replaces the IMF with Bretton Woods institutions; it's generic.

5:10 p.m.

Liberal

Bernard Patry Liberal Pierrefonds—Dollard, QC

My question—

5:10 p.m.

Conservative

The Chair Conservative Kevin Sorenson

Go ahead, Mr. Patry.

5:10 p.m.

Liberal

Bernard Patry Liberal Pierrefonds—Dollard, QC

Thank you.

When you talk about any representation made by a Canadian representative with respect to priorities and policies, does it mean that anytime the board of any Bretton Woods institution has a meeting, any representation or summary of these meetings should be available to the committee, even if it's an in camera meeting, including the fact that Canada is also representing some other countries, such as Ireland and some of the Caribbean countries?

5:10 p.m.

Liberal

John McKay Liberal Scarborough—Guildwood, ON

Subject to the confidentialities that we just passed.

5:10 p.m.

NDP

Alexa McDonough NDP Halifax, NS

I think if I understand your question, the point of this is that whatever reporting requirements there are for the now World Bank and International Monetary Fund, we're broadening those to say the Bretton Woods institutions. Those reporting requirements don't necessarily respond to the criteria that we set out in this bill. It's a way of reinforcing that whatever their reporting requirements may be, we have some criteria that we want to be sure are taken into account. That's the point of it.

It's not some totally new set of requirements; it's just making sure that we're hearing back on the provisions of this bill that we're adopting here.

5:10 p.m.

Liberal

Bernard Patry Liberal Pierrefonds—Dollard, QC

Regarding my question, if there is a meeting of the IMF or the World Bank, and inside the meeting they're discussing the facts about giving grants or subventions for anything they're doing in the world in any country, you want to ask the competent minister, the Minister of Finance, and the World Bank to give us a résumé of what was discussed over there.

That's what I'm asking you. That's what we're requesting: a summary of any representation, a representation by Canadian representatives with respect to priorities and policies. Have you discussed policies? We're going to discuss policy, and at the end they are going to say we have three or four policies, and we end up with one.

Do you want to know everything that's going to be discussed in the World Bank or in all these institutions?

5:10 p.m.

NDP

Alexa McDonough NDP Halifax, NS

First, the operative word is summary.

Secondly, we need to come back to what this exercise is about. It's also about greater accountability and transparency, which is something we all agree is important. I think there is a concern to establish that what we're advocating on behalf of Canada is both reported back to Canada and is understood to be consistent with the priorities we have adopted here.

Summary is the word. We're not talking about verbatim reports and everything that gets discussed, but a summary of what it is we are there advocating and representing on behalf of Canada.

5:15 p.m.

Conservative

The Chair Conservative Kevin Sorenson

All right.

Mr. Patry.

5:15 p.m.

Liberal

Bernard Patry Liberal Pierrefonds—Dollard, QC

Regarding Canadian representatives, does it mean just the one who is responsible, the key person, or does it mean any staff over there? They are representatives of Canada over there.

5:15 p.m.

NDP

Alexa McDonough NDP Halifax, NS

That's why we want to know what they're doing on our behalf, and whether it's consistent—

December 13th, 2006 / 5:15 p.m.

Liberal

Bernard Patry Liberal Pierrefonds—Dollard, QC

If you have a staff of 20 people, do you want to know what the 20 people are doing for transparency? I'm reading this.

5:15 p.m.

Conservative

The Chair Conservative Kevin Sorenson

A summary of any representation made by Canadian representatives—