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Items tagged "corruption"

Who’s watching EDC? Letter to The Globe & Mail

Hats off to The Globe and Mail for its reporting on Bombardier’s dealings in South Africa. Without it, Canadians may never have learned of allegations of corruption surrounding two South African contracts landed by the firm.

Mexican chapter in the Odebrecht saga underscores need to bolster transparency at EDC

When allegations emerged last fall that the Mexican president’s 2012 election campaign was funded in part by a subsidiary of Brazilian construction giant Odebrecht, the news barely made headlines in Canada. But this development in the Odebrecht scandal should give us pause, because it raises crucial questions about the anti-corruption and disclosure policies of our export credit agency.

Is EDC ready to run Canada’s new development finance institute?

Earlier this year, Export Development Canada (EDC) was tasked with running Canada’s new Development Finance Institute. In its new role financing private investment for the purposes of poverty alleviation and sustainable development, EDC will need to adopt robust due diligence practices to ensure the investments it supports respect human rights and the environment.