Thank you, Mr. Chair.
My thanks to our guests for joining us. My questions go to our two witnesses. Perhaps we could go in the order of your opening statements.
Although I am not inherently against the idea of a development finance institute (DFI), I have one question. With $300 million over five years, is Canada just giving itself a lovely window onto the world without a real ability to act? I would also like to know whether, in the organizations you have been able to observe, what proportion of the annual budget goes to operating costs compared to the amount that goes for support and programming?
Do you want to answer that, Mr. Runde?