It speaks to the point of clarification that I talked about before, because we don't know entirely the direction in which the Canadian DFI is heading, in terms of the set-up. I provided a table in the annex, of which the first part, “Basics on Bilateral DFIs”, has a column on ownership structure. It shows that a number are public-private, and a number are just public. There is no question of attracting private investors into the core of the DFI's capitalization, or the core of the capital base of the DFI.
But that's not immutable. That is changeable. It could be that the Canadian DFI goes differently. The only thing I can say to this committee and for the work of this committee, is that this should be pushed to the government to clarify. Is the objective here to crowd in, as it were, Canadian private sector investors—Bay Street, if you will? Then one could ask why it's not on Bay Street but in Montreal. That's a separate issue.
Leaving that aside, is that one of the objectives or not? Is it just that it is public finance to crowd in private investment in developing countries, which—in most cases of DFIs—takes place in the form really not of leverage but what I would call co-investment. That is, bringing in other DFIs and other players, and in a modest way bringing in the local private sector and some private capital.
I'm not sure if that satisfactorily answers your question or not. We just don't know if that's even part of the plan of the Canadian DFI.