Category: Export Credit Agencies

EDC’s involvement in Gaddafi’s Libya silenced until fall

(March 10, 2014) Export Development Canada says it needs nearly a year to sort through a mountain of documents regarding its involvement in Libya.

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Business as usual for SNC-Lavalin subsidiary

(August 20, 2013) The World Bank and Canada’s Department of Foreign Affairs, Trade and Development have banned Canadian engineering giant SNC-Lavalin from bidding on aid contracts. But that hasn’t deterred the Canadian federal department of Public Works from awarding a lucrative defence contract to a subsidiary of the corruption-plagued SNC-Lavalin company.

Free the Third World of export credit agencies

(June 21, 2006) The evidence of boondoggles made possible by Export Credit Agency (ECA) support – the Three Gorges dam, the Norwegian shipping deal to Ecuador, the Manantali dam in the Senegal River basin, the Bataan nuclear power station in the Philippines, pulp and paper mills to Indonesia, the OK Tedi mine in Papua New Guinea, military exports to Iraq – is extensive and well documented.