Foreign Affairs committee  There are two parts to that question. With a $300 million investment, Canada will be in the same range of investment as other DFIs, in particular those in Sweden, Switzerland, and Finland. So that investment will give Canada credibility. The DFIs that we consulted in designing

Foreign Affairs committee  I am not an expert on dealings with this officer of Parliament. I can tell you, however, that the institute will be wholly subject to the Financial Administration Act, and as such it will have reporting requirements and have to produce an annual report that will be tabled in Parl

Foreign Affairs committee  This figure is based on an Overseas Development Institute study. I believe they may be some of the witnesses to appear here. When it comes to best practices and the approach, it comes down to an assessment of the deals themselves: are they in the right sectors in terms of high i

Foreign Affairs committee  There's success in two ways. I think there's the success of the enterprises within themselves. As I mentioned earlier, DFIs have demonstrated a high degree of sustainability and an ability to not only get returns on the investments they are making and to fulfill their organizatio

Foreign Affairs committee  Absolutely.

Foreign Affairs committee  I have just two comments on that question. The first is that in the initial years—over the next five years—the DFI will have a steady flow of capitalization basically injected by the current capital base of EDC. That will enable it to have a good stable foundation upon which to

Foreign Affairs committee  To anchor that comment a bit further, it's useful to take a look at private flows versus ODA for the year of 2014. With flows going into developing countries, private investment was situated at around $420 billion a year, and ODA was at $180 billion. There's a lot of money in pla

Foreign Affairs committee  The priorities for this DFI will need to be set out in a corporate plan, after having received direction from the government in terms of what the priorities are. Already, we can see that the government is favouring green growth and climate change, as well as support for youth and

Foreign Affairs committee  Thank you, Mr. Chair. I am delighted to be here today to support the committee in its study of Canada's development finance initiative. My comments this morning focus on two ideas: first, the private sector's role in international development; and second, the positive contribu

Foreign Affairs committee  I think you've heard from a number of witnesses that there are competing views around effectiveness. What was interesting in the witnesses that have appeared, in terms of the expert testimony that has been provided, is that they each, generally, have had their own methodologies.

Foreign Affairs committee  Our current approach to sanctions reflects a significant evolution in terms of learning over the past 25 years. It used to be that state practice looked at embargoes, basically sanctions, being a rather blunt instrument. The main driver behind the shift away from using sanctions

Foreign Affairs committee  If you take a look, including at the Russia sanctions, for example, that is precisely what we've done. We've targeted individuals, decision-makers and their associates. We've done so because of the learning over 25 years of application, which is to avoid harming broad populations

Foreign Affairs committee  Let me field this one, perhaps. We're well aware, as you are, that there is legislation moving through Parliament that mirrors a lot of the attributes of the U.S. Magnitsky act. The government has yet to pronounce itself publicly on statutes such as those. I'm thinking in partic

Foreign Affairs committee  You mentioned that other departments and agencies have key roles to play on the enforcement side, the RCMP, CBSA, and so forth. I don't know that we're in the best place to comment or that it would be appropriate for us to comment in terms of their resourcing levels. The expendit

Foreign Affairs committee  I'm trying to think why you're asking this question in the way you're asking it. It may be, to my mind, a point of confusion insofar as what you may be asking is, can we target individuals—and that is only individuals—as opposed to targeting a state and then individuals? The cu