The Canada Indigenous Loan Guarantee Program
Access To Capital Accelerate Economic Reconciliation
The Canada Indigenous Loan Guarantee Corporation is a newly established subsidiary of the Canada Development Investment Corporation (CDEV), a federal Crown corporation that manages critical financial transactions for the Government of Canada. The Canada Indigenous Loan Guarantee Corporation is responsible for managing the Indigenous Loan Guarantee Program, which provides financial solutions to help Indigenous groups participate in Canada’s growing natural resources and energy sectors. Its role includes engaging with eligible applicants, conducting due diligence, negotiating agreements, and issuing loan guarantees that empower Indigenous groups to take part in economic opportunities.
https://cilgc-cgpac.ca/en/program#application
Objectives
The strategic objectives of the Canada Indigenous Loan Guarantee Corporation are to:
Advance Canada’s Indigenous economic reconciliation and self-determination objectives
Unlock access to affordable capital for Indigenous groups
Support Indigenous economic reconciliation
Facilitate Indigenous partnerships with private sector industry
Deliver better projects guided by Indigenous leadership and knowledge
Build Indigenous business and commercial dealmaking capacity
Eligibility
The Indigenous Loan Guarantee Program (ILGP) is open to Indigenous groups with recognized Section 35 rights. The program supports a range of natural resources and energy projects across the country. Our goal is to ensure that Indigenous Peoples, regardless of their location, can benefit from this opportunity to advance economic reconciliation and self-determination.