Top finance official defends Infrastructure Bank from accusations of ‘cosiness’ with private consultants

Opposition MPs questioned deputy finance minister Michael Sabia in committee about the role consulting firm McKinsey & Company had in the infrastructure bank's creation.

Deputy Minister of Finance Michael Sabia, pictured on Nov. 17, 2022, sat on the 2016 advisory committee that recommended the creation of the Canada Infrastructure Bank.The Hill Times photograph by Andrew Meade

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BY KEVIN PHILIPUPILLAI

May 18, 2023

The finance department’s top civil servant pushed back on May 16 against assertions from opposition MPs that the Canada Infrastructure Bank's mandate was shaped by the Liberal government's “cosiness” with consulting firm McKinsey & Company.

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