The First Nations Financial Management Board welcomes Budget 2023’s announcement of $5 million in support the co-development of an Economic Reconciliation Framework, but calls for more substantial action in Budget 2024 to achieve meaningful outcomes. The FMB also welcomes news that the Canada Infrastructure Bank will provide loans to Indigenous communities to support them in … Read more
First Nations Financial Management Board presented its first Financial Management System certificate to Fisher River Cree Nation in Manitoba. It marks an historic moment that leads the way for other First Nations to follow. “This milestone will allow Fisher River to expand their economic development opportunities through increased capacity and access to capital, and it’s with great pleasure to … Read more
The Lil’wat Nation has become the first First Nation in Western Canada to receive Financial Management Systems (FMS) certification from the First Nations Financial Management Board (FNFMB). The certification provides the framework for sound financial practices regarding the operation, management and reporting of the financial management systems of First Nations governments. Lil’wat Nation is the first in Western … Read more
First Nations Financial Management Board issued its first Financial Management System (FMS) certificate to Membertou First Nation at a ceremony in Membertou. This is a historic moment that leads the way for other First Nations to follow. Membertou has worked diligently to advance their community to become more economically prosperous and independent. Now all of … Read more
The First Nations Financial Management Board (FMB) is pleased that the federal budget includes amendments to the First Nations Fiscal Management Act (FMA), in particular to increase participation in the FMA, to reduce the administrative burden on participating First Nations, and to strengthen investor and capital market confidence in the FMA. “We advocated for amendments to advance First Nation economic … Read more
First Nations Financial Management Board (FMB) congratulates Mistawasis First Nation for taking the necessary steps to become certified with FMB. Mistawasis First Nation has signed a Financial Administration Law and has now been approved for a Financial Performance Certificate. More information is available online. Call 306-466-4800 x 225.
First Nations Financial Management Board (FMB) is pleased that the issuance of a debenture by First Nations Finance Authority realizes one of the significant objectives of the First Nations Fiscal Management Act, federal legislation achieved with all party support. For the first time in Canadian history a $90 million bond has now been certified. The … Read more
First Nations Financial Management Board is pleased that the issuance of a debenture by First Nations Finance Authority realizes one of the significant objectives of the First Nations Fiscal Management Act, federal legislation achieved with all party support. For the first time in Canadian history a $90 million bond has now been certified. The lending rate at 3.79 … Read more
The First Nations Financial Management Board (FMB) welcomed Fred Tolmie as the new chief operating officer. Tolmie will be responsible for the overall operation of FMB and report to the Board of Directors through the executive chair. More information is available online. Call 604-925-6665.
First Nations Financial Management Board would like to point out the real options for First Nations in Canada to build financial capacity in their communities. The board's certification provides a mechanism for First Nations to demonstrate credibility and transparency to their own membership, to other governments, to investors and to capital providers with respect to … Read more
