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ARTICLE · 17 SEPTEMBER 2025

The Indigenous Loan Guarantee Program: Advancing Economic Reconciliation Through Equity Ownership

Boughton Law
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The program is open to Indigenous groups with constitutionally protected rights under section 35 of the Constitution Act, 1982—including their wholly owned subsidiaries

CanadaGovernment, Public Sector
Claire Gibson
Claire Gibson
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The Government of Canada's Indigenous Loan Guarantee Program (ILGP) represents a transformative federal initiative aimed at facilitating Indigenous participation in the Canadian economy through equity ownership in major projects. With an initial commitment of $5 billion—since expanded to $10 billion—the program seeks to address historic exclusions from economic development and foster substantive Indigenous economic reconciliation.

Legislative and Institutional Framework

Launched in 2024 and formally operational as of early 2025, the ILGP is administered through the Canada Indigenous Loan Guarantee Corporation (CILGC), a subsidiary of the Canada Development Investment Corporation (CDEV), a federal Crown corporation. CILGC is mandated to issue loan guarantees ranging from $20 million to $1 billion, enabling Indigenous groups to access commercial financing for equity stakes in large-scale projects.

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