EDC

Export agency to open books

Globe and Mail
May 15, 2001

In an effort to counter a damning report expected to be handed down today, the federal government’s export-development agency is planning to open its books to public scrutiny for the first time in its 32-year history.

Sources say that interim auditor-general Sheila Fraser’s report will harshly condemn the Export Development Corporation for ignoring environmental and social factors in choosing which projects to fund.

A group of non-governmental organizations said yesterday the EDC’s reckless lending has supported projects that uprooted families and wrought environmental disruption.

 

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Categories: EDC, Export Credit, News, Secrecy

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