Peter Kent at the Foreign Affairs and International Development Committee

On June 8th, 2017. See this statement in context.

June 8th, 2017 / 9:10 a.m.

Conservative

Peter Kent Conservative Thornhill, ON

Thank you, Chair.

Thanks to both of you.

For the past almost 50 years, Canada has been a major partner in the Inter-American Development Bank. We contribute about 4% every year. During the economic crisis, I think we temporarily increased callable capital to something north of $4 billion. It has been fairly successful. I think it has a good track record in terms of Canadian private sector engagement, as well as some pure development work in places such as Haiti, after the earthquake.

I'm wondering, both of you, what your advice would be for the relationship between, as you described, Mr. Bhushan, a relatively small, new Canadian DFI, with something as well developed and working effectively in Canada's neighbourhood and the Americas as the Inter-American Development Bank.

Mr. Bhushan, would you like to go first?

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