Toronto, Canada
Ontario Financing Authority (OFA) is a Crown agency established on November 15, 1993 by the Capital Investment Plan Act, 1993. OFA manages borrowing, investment, and financial risk management for the Province of Ontario. It also plays a crucial role in managing the Provincial debt and financial relationships with various stakeholders including investors, financial institutions, rating agencies, and public bodies. Additionally, OFA offers centralized financial services for the Province, advises ministries and public bodies on financial policies and projects, and assists in borrowing and investing money.
Furthermore, OFA is entrusted with responsibilities such as investing on behalf of some public bodies, managing the investment activities of specific funds in collaboration with Ontario Power Generation Inc. (OPG), and conducting the day-to-day operations of Ontario Electricity Financial Corporation (OEFC) while providing a broad range of financial services to Infrastructure Ontario. The agency is committed to its core values of respect, innovation, teamwork, and accountability. The OFA's scope also extends to providing other advantageous financial services to the Province or any public body, as well as fulfilling additional objects directed by the Lieutenant Governor in Council.
With a focus on finance and financial services, OFA's role in managing the debt and financial operations of the Province of Ontario underscores its significance in the financial landscape. As a governmental agency, its operations are closely tied to the economic and financial well-being of Ontario, making it an essential entity in the region's fiscal infrastructure.
