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Anti-Corruption and Export Development Canada: Recommendations for an Effective Policy and Improved Regulatory Oversight

Bombardier jet
A Bombardier jet, similar to one bought with EDC financing by a family associated with corruption scandals in South Africa. Photo © Aktug Ates, commons.wikimedia.org

In this report, we examine reforms needed to raise Export Development Canada’s anti-corruption client screening to a more robust standard.

Section one outlines the need for change, providing contextual information about the regulatory environment in which EDC operates and critical analysis of the agency’s current anti-corruption policy.

Section two provides recommendations for amendments to the Export Development Act and EDC’s anti-corruption policy. The recommendations are informed by leading anti-corruption policies and guidance documents from other export credit agencies, international financial organizations and the private sector