Municipal Finance Authority of British Columbia

Established in 1970 by the Province of British Columbia, the Municipal Finance Authority of British Columbia (MFABC) is a central borrowing agency that pools the financing requirements of regional districts and their member municipalities. Its purpose is to provide these entities with capital financing at the lowest possible cost. By acting as a collective, it leverages its strong credit rating (AAA) to issue bonds and secure favorable lending terms, which it then passes on to its local government clients for infrastructure and other capital projects.