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Program Activity 1.3

Investment in Natural Resource Sectors

Description

Investing in the development of natural resources is costly and risky due to the uncertainties related to the potential economic viability of natural resources. There are many factors to consider when deciding whether or not to develop a natural resource. In some cases, investors and/or companies lack knowledge on and, thus, are unaware of potential opportunities. The objective of this program activity is to encourage natural resource sector investment by either decreasing the risk of development or increasing knowledge on opportunities. This objective is achieved by providing funding and information on the factors that determine the potential economic viability of natural resources.

Non-Financial Performance Information
Expected Result Performance Indicators Targets Status Results
Natural resource sectors have increased investment New capital Investment in forest, energy, minerals and metals sectors Favourable 10 year trend by 31/03/2013 To be provided in the corresponding DPR To be provided in the corresponding DPR
Financial Performance Information ($ thousands)
Planned Spending Total Authorities Actual Spending
74,618 74,618 To be provided in the corresponding DPR

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