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P.E.I. government will disclose more loans under new policy

Government of Prince Edward Island
Government of Prince Edward Island - Government of Prince Edward Island

Islanders will now have greater access to information on government loans thanks to a new policy being implemented immediately.

Moving forward, all loans approved by Finance P.E.I. and Island Investment Development Inc. with a cumulative value over $100,000 will be disclosed publicly on the internet once approved.

The new policy is now in place. 

It will not apply to previous loans made by government. 

When a loan receives approval, the name of the borrower, the name of the lender, the amount, the interest rate, the term and a general comment about the use of funds will be posted to the Finance P.E.I. website.

Finance P.E.I. will also work with borrowers to allow additional information to be disclosed on a case by case basis.

For the most recent disclosures, click here.


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