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Finance committee  May I add to that? When the legislation was being drafted, all the drafters took an approach to provide broad language, and the intention is for parameters and limitations to be put on during the regulations, which will be put in place subsequently. As my colleague was saying, th

November 5th, 2018Committee meeting

Michelle Kaminski

Finance committee  I will just add on again by contrasting that with what we currently do, which is where we provide grants and non-repayable contributions that are fully expensed upon disbursement. Again, what we're looking to do is to have a tool kit that allows us, where it makes sense, to actua

November 5th, 2018Committee meeting

Michelle Kaminski

Finance committee  On this point I would add that the authorities are limited to the envelopes. These new authorities are limited to the sovereign loans program as well as the international assistance innovation program as opposed to across Global Affairs Canada's development programming.

November 5th, 2018Committee meeting

Michelle Kaminski

Finance committee  Over the five-year period for the international assistance innovation program, the cash profile is $873.4 million. For the sovereign loans pilot program, it's $626.6 million.

November 5th, 2018Committee meeting

Michelle Kaminski

Finance committee  Thank you. The objective, as you note, in particular for the international assistance innovation program, is to mobilize additional financing in support of sustainable development. What we would be doing through this is providing risk-absorbing capital to catalyze private sector

November 5th, 2018Committee meeting

Michelle Kaminski