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May 23, 2003 Alberta’s Sustainability Fund and Capital Plan topics of discussion in New York and Quebec Edmonton ... Finance Minister Patricia Nelson is traveling to New York and Quebec to discuss the highlights and advantages of Alberta’s new fiscal framework with credit rating agencies, banking and investment firms and with members of Quebec’s new provincial government. “The Sustainability Fund and Capital Plan are key improvements to our fiscal plan and credit rating agencies and investment firms need to know how these new initiatives will benefit our province and anyone who invests in Alberta,” said Nelson. Nelson will have meetings in Quebec on May 27th and 28th and will meet with her new provincial counterparts and members of the investment and insurance industry. “We are looking to keep dialogue open and see where we can build better relationships across this country, both with government and with industry” said Nelson. On May 29th and 30th, Nelson will be in New York and will meet with executives from Standard and Poors, Moody’s Investment Services and JP Morgan Fleming Asset Management. She will also be speaking to the Canadian Society of New York. Alberta’s solid fiscal framework has earned the province the best possible credit ratings for three consecutive years. These ratings allow the province to finance its remaining debt at lower rates and are a key indicator for firms thinking of investing in Alberta. Provincial corporations and municipalities also benefit from the lower rates. Itinerary for Finance Minister Patricia Nelson Monday, May 26th Tuesday, May 27th Wednesday May 28th Thursday, May 29th Friday, May 30th Nelson’s Executive Assistant will be traveling with
the Minister. The total cost of the trip is approximately $12,500. - 30 -
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