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Foreign Affairs committee These are off-the-cuff figures, but let's say $300 million over five years. Let's assume that the operating costs are modest. That $300 million, if you divide it by five, gives you $60 million annually. If you then have a 5:1 leveraging ratio, you want to raise another $300 million or so annually to give you a $350-million to $400-million lending capacity.
June 15th, 2017Committee meeting
Rohinton Medhora
Foreign Affairs committee On the one hand, you have needs at the other end, and on the other hand, you have the expertise in the source country. I think we have to be guided by what Canada does best. We have to be guided by what we have said we will avowedly want to change. There are two or three things that strike me.
June 15th, 2017Committee meeting
Rohinton Medhora
Foreign Affairs committee Good morning, Chair. Good morning, members and colleagues. The organization I head, CIGI, has been working on the broad area of finance and development finance for several years. We've published a number of papers. I have spent the better part of three decades, first at the International Development Research Centre and previously at the University of Toronto, working on the subject.
June 15th, 2017Committee meeting
Rohinton Medhora