Media Releases

OTTAWA – The First Nations Financial Management Board (FMB) today launched a practical and implementable framework to advance Indigenous economic reconciliation across Canada. Introduced at a launch event with partners and stakeholders in Ottawa, the RoadMap Project offers realistic and meaningful options to support First Nations governments in moving past the failed one-size-fits-all approach of…

OTTAWA – The First Nations Financial Management Board (FMB) today released two new chapters of its RoadMap Project, outlining the need for First Nations to acquire new fiscal powers, achieve clarity on jurisdiction, and increase their collaboration as part of economic reconciliation. The pathways presented in these chapters are part of a proposed framework for…

The Sheshegwaning First Nation (SFN) has received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. Sheshegwaning has a vision to collectively strive to be a self-sufficient and…

Currently, there is an annual income gap of $27 billion. Systemic barriers have constrained the development of Indigenous Peoples and Indigenous economies for over a century. This needs to be addressed now, but what will it take to move forward as a country, and unlock the Indigenous economy? Together, the FMB and other First Nations…

VANCOUVER- The First Nations Financial Management Board (FMB) celebrates their new role as Financial Regulator for the Atlantic First Nations Water Authority (AFNWA).  In an historic move, the Atlantic First Nations Water Authority will assume responsibility and authority for the delivery of water and wastewater services for their member Nations. This first ever Indigenous-led initiative…

The Doig River First Nation (DRFN) has received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. The Nation has worked hard to build systems for transparent and…

The government of Canada faces the staggering challenge of an estimated $30 billion First Nations infrastructure gap – the projected cost of having infrastructure in First Nations communities up to the same levels as non-Indigenous communities. Not only is the current First Nations infrastructure gap unacceptable, but it is likely to become even more severe…

VANCOUVER – We are pleased to announce that the First Nations Financial Management Board (FMB) and Capacity Connect have signed a memorandum of understanding (MOU). This will result in coordinated support for First Nation communities in Ontario, with the shared goal of assisting in the development of strong financial management practices. With cooperation at the…

VANCOUVER – The socioeconomic gap between Indigenous and Non-Indigenous Canadians is a persistent barrier to reconciliation. A lack of readily available economic and financial data and statistics compounds this problem: decision-makers do not have access to the kind of information they need to understand the causes, solutions, and complexity of the socioeconomic gap – and…

VANCOUVER – Canada needs to be moving Indigenous economic reconciliation forward. For too long First Nations and Canada have been fighting in the courts on the lack of consultation or accommodation of Indigenous rights and title. The resulting lack of clarity and the legal battles has led to delayed or failed projects, and assets being…

VANCOUVER – The First Nation Financial Management Board (FMB) is very proud Vision Quest has been recognized as best Feature Documentary in the Universe Multicultural Film Festival. “It is important to tell the true story of Indigenous Canada through the lens of First Nations, highlighting the need to move forward in reconciliation on a government…

VANCOUVER – The First Nations Financial Management Board (FMB) strongly supports and welcomes the International Financial Reporting Standards Foundation’s (IFRS) Trustees’ decision to establish an office of the International Sustainability Standards Board (ISSB) in Montreal, Quebec. The new ISSB will respond to the growing needs and expectations to develop a much-needed set of global standards…

On July 22, 2021, Snuneymuxw First Nation (the “Nation”) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. About Snuneymuxw First Nation In an era of colonialism…

On July 22, 2021, Simpcw First Nation (the “Nation”) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. About Simpcw First Nation Simpcw First Nation is located…

VANCOUVER – The First Nations Financial Management Board (FMB) is pleased to support the offer to host the global headquarters for the new International Sustainability Standards Board (ISSB) in Canada, by the federal government. This offer to host incorporates an extensive and collaborative effort from the government and a coalition of over 55 Canadian public…

VANCOUVER – Throughout the COVID-19 pandemic, many First Nations, Inuit and Métis communities have experienced declines in their own-source revenue. In order to support communities that provide core programs and important services, the Government of Canada created the Own-Source Revenue in Indigenous Communities Initiative (OSRIC). The First Nations Financial Management Board (FMB) is pleased to…

On April 29, 2021, ‘Namgis First Nation (the “Nation”) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. About ‘Namgis First Nation ‘Namgis people have occupied the…

On March 30, 2021, Lheidli T’enneh Nation (the “Nation”) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. About Lheidli T’enneh Nation The Lheidli T’enneh Nation is…

On March 30, 2021 Taykwa Tagamou Nation (the “Nation”) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. About Taykwa Tagamou Nation Taykwa Tagamou Nation, formerly known…

On April 29, 2021, Sagamok Anishnawbek (the “Nation”) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. About Sagamok Anishnawbek Sagamok First Nation is located on the…

On November 6, 2020, Paqtnkek Mi’kmaw Nation (the “Nation”) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. About Paqtnkek Mi’kmaq Nation The Nation was established on…

On July 24, 2020, Qalipu First Nation (QFN) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB Standards, which are based on internationally recognized standards of financial management. About Qalipu First Nation QFN is a vibrant Mi’kmaq First…

On May 1, 2020, Buffalo Point First Nation (BPFN) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB standards, which are based on internationally recognized standards of financial management. About Buffalo Point First Nation BPFN is Ojibway in…

How a remote community pursued its journey toward self-sufficiency and sustainable economic growth On March 27, 2020, Temagami First Nation (TFN) received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative governance practices now meet FMB standards which are based on internationally recognized standards…