Thanks, Chair.
I'm certain that the government will support this, since it is simply an effort to provide greater accountability and transparency, something they are of course committed to.
It would require, under the proposed amendment, a review every five years after the paragraph comes into force, and every five years thereafter in consultation with the minister of finance, and that the results of that review be tabled in Parliament within one year.
We think this is important because the track record of development finance initiatives internationally, as I said earlier, isn't particularly good. People have written a great deal about how funds don't often end up benefiting local populations, but rather the donor export countries are supported. We think that to address that well-known problem in the literature and in the experience, having strong reporting requirements would go some measure to addressing that apparent deficiency.