I think those are very good observations embedded in the question, and I share some of the points my colleague from Oxfam made. First, whether we like it or not, in an era of stagnant and perhaps even declining ODA—and by the way, there are good reasons for it—the fact is that the emerging developing countries now have capacities to fund development that they did not have 40 and 50 years ago when we conceived our aid programs. In any case, given that kind of stagnation, creating an instrument that crowds in other private sector funding is surely a good thing.
Second, starting small is okay, as my colleague said. Especially in the early years, you're going to want to make a few mistakes, learn from them, and then build. My point is to build benchmarks into the growth of this organization that allow it to grow and prosper so it becomes a larger proportion of Canada's overseas assistance.
Third, about whether we are expecting any more or less of this organization than we are of Canadian organizations that work in the development sphere, my sense is it should be about the same. However, my real sense is that we might want to lower some of the burden of reporting on Canadian development organizations, rather than simply saying we should have the same burden on everyone. I think being a humanitarian agency is different from being a bank, so the nature of the reporting is going to be different too.
When you add all of that together, I am optimistic about this. I don't mean to suggest that because it's small it's not going to be effective. The example I'd give you, by the way, is exactly my former employer, IDRC. IDRC is about 4% of Canada's ODA, and in global ODA flows it would be about 1/25 of that. As I think you all would know, because you've had people from IDRC at your table, it is one of the jewels in Canada's overseas presence and has been a hugely effective agency over time.