(August 18, 2008) EDC has been the source of life support for Candu nuclear exports over the years. It has financed Candu sales to South Korea, Argentina, and Romania.
(June 20, 2006) Thank you very much to FERN and to the European Commission. It is an honour for me to be here to discuss this very important subject – how to prevent more unpayable Third World debts being created by the world’s export credit agencies.
(June 20, 2006) I suspect the vast majority of ECA loans, credits, and guarantees to the Third World – which have doubled and now account for 34% of all Third World official debts – could be deemed "odious."
(June 20, 2006) Three steps to protecting future generations from export credit agencies.
PRESS RELEASE Export Development Canada keeps taxpayers in the dark, says Rosen and Associates Limited
(June 14, 2005) A report by one of Canada’s leading forensic accounting firms, Toronto-based Rosen and Associates, criticizes the 2003 annual report of Export Development Canada for not differentiating between commercial and politically-mandated activities. EDC is a crown corporation that in 2003 backstopped $51.9 billion in exports and international investments by Canadian enterprises. The Rosen and Associates study focused on the financial reporting relating to EDC’s loan portfolio.
(March 1, 2005) Former EDC head launches suit.
(August 7, 2004) Subsidiary of troubled U.S. airline to use federal funds to buy regional jets.
(December 16, 2003) The Canadian agency that underwrites large-scale export projects must adopt tougher rules against bribery by client companies, says a report by a trade union anti-corruption group.
(December 15, 2003) The Canadian Crown corporation says it is satisfied with safeguards in place, but a new report indicates it shouldn’t be.
(November 16, 2003) The World Bank’s refusal to help fund a Canadian company’s controversial development of a huge open pit gold mine in Romania has raised concerns the Canadian government will step in with money.
(November 5, 2003) A Canadian public lending agency that lobbied in defence of Acres International, the first multinational to be convicted in the landmark corruption trials currently underway in the southern African state of Lesotho, has said it will not bar the Canadian engineering giant from future contracts.
(October 31, 2003) Measures and safeguards, as well as EDC’s normal business considerations and application of its Anti-Corruption Program, help to ensure that future business for which Acres might seek our support is not tainted by corruption.
(August 21, 2003) EDC needs be proactive in weeding out bribe-givers from its list of clients.
(February 1, 2003) Is EDC making the world a worse place? There’s no way for ordinary Canadians to make an informed judgment because the Crown corporation simply doesn’t reveal enough information.
(January 9, 2003) We don’t hear much about the Canada Account . . .Why? Because the mandate of the Canada Account is to take up loans, or loan guarantees, that fail to meet Export Development Canada’s own risk tolerance test.