Thank you, Mr. Speaker. My next question is with respect to the operational health and capital capacity of Prosper NWT.
As the territory's primary business development lender, Prosper NWT must balance its economic diversification mandate with strict risk management. Amid rising northern operational costs, a comprehensive evaluation of Prosper NWT's current loan portfolio, underwriting thresholds, and write-off metrics is required to ensure the crown corporation maintains the asset health and capital liquidity necessary to protect northern taxpayers from undue liability.
My questions are for the Minister of industry, tourism and investment:
- What is the current total lending capacity of Prosper NWT for the upcoming fiscal year, and what percentage of its total loan portfolio is currently classified as non-performing or at high risk of default?
- What are the specific credit limits, underwriting thresholds, or risk-mitigation policies currently used to evaluate high-value commercial loans in volatile economic sectors?
- How many businesses have been turned away or denied funding in the last 12 months due to Prosper NWT reaching its sector-specific capital or credit allocation limits?
- What is the total dollar value of loan write-offs or debt forgiveness approved by Prosper NWT during the last two fiscal years?
- What adjustments are being made to Prosper NWT's lending framework to specifically support micro-businesses and commercial operations struggling with localized infrastructure disruptions.
Thank you, Mr. Speaker.