Important FMB facts
- We are a non-profit, First Nation organization.
- Our services come at no cost to First Nations.
- We only provide services when asked to by our First Nations clients.
- We are independent of the Crown.
Why the FMB was formed
First Nations have always planned beyond the 7th generation. The First Nations Fiscal Management Act (FMA), a First Nation's led initiative, supports the ability of First Nations to develop the capacity and secure the money to plan and bring to life a 7th generation strategy. The FMA puts First Nations governments on the same playing field as other governments and public institutions. It allows First Nations to be eligible to borrow at similar rates and terms other governments in Canada enjoy. It also allows Nations to use different revenue streams like taxation, government transfers and economic development as security for borrowing under the FMA. The FMB is one of three First Nations institutions created under the FMA. We're here to support First Nations to put in place good governance and finance practices to achieve their goals.
“We are now a much stronger organization that is able to serve our members more effectively. — Dwayne Nashkawa, Chief Executive Officer, Nipissing First Nation
We are open and honest, and honour our commitments.
We are responsive to the needs of our First Nations clients and our colleagues.
We strive to innovate and remain relevant to our First Nations clients.
“The First Nations Fiscal Management Act supports First Nations’ economic development and fiscal relations. It makes better decision-making possible” — Harold Calla, Executive Chair, FMB