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CANADA: Profs say COVID-19 highlights the need for more and better public banks
Strong, democratic and accountable public banks in Canada could help reverse the impact of privatizing vital services, according to experts
Mar 10, 2021 8:55 PM By: The Conversation
File photo
This article, written by David McDonald, Queen s University, Ontario and Thomas Marois, UCL, originally appeared on The Conversation and has been republished here with permission:
Most Canadians could be forgiven for not knowing what a public bank is. We do have some the Alberta Treasury Branch, the Business Development Bank, the Export Development Canada and the Canada Infrastructure Bank but they are relatively low profile and have narrow mandates.
CANADA: Profs say COVID-19 highlights the need for more — and better — public banks
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Wednesday February 17, 2021
By David McDonald, Professor, Global Development, and Thomas Marois, Senior Research Fellow Patient Finance and Banking, Institute for Innovation and Public Purpose, UCL
Public banks around the world are working towards the public good during COVID-19. The Canada Infrastructure Bank, however, seems focused on privatizing critical public services instead of ensuring vital infrastructure across the country is built or maintained. (Unsplash/ C Dustin)
Most Canadians could be forgiven for not knowing what a public bank is. We do have some the Alberta Treasury Branch, the Business Development Bank, the Export Development Canada and the Canada Infrastructure Bank but they are relatively low profile and have narrow mandates.