How does FSMA assist government economic development programs?
The fiscal institutions complement existing economic development programs and initiatives aimed at First Nations. If a metaphor might serve, the fiscal institutions are aimed at improving the fertility of First Nation soil. Economic development programs are akin to plowing, seeding, and watering the soil. The institutions support the development of investment facilitation capacity within First Nations by: Providing expertise that individual First Nations often cannot afford to access; Providing training programs that improve First Nation administrations; and Providing advice with respect to policies that improve the investment climate of First Nations. The institutions support grant and loan guarantee programs by: Improving the information available to public economic development programs; Ensuring high quality administrations are in place to support business development; Ensuring appropriate infrastructure is in place to service any investment that is induced by a project; Improving t
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