Export Development Canada

Export Development Canada

Auditor general finds stunning deficiencies in risk management at Canada’s export bank

Above Ground has long questioned Export Development Canada’s assessment of environmental and human rights risks posed by its clients' operations. Now the auditor general is warning there are “significant deficiencies” in the agency’s overall management of risk.

Report calls for overhaul of anti-corruption screening at Export Development Canada

Legal and policy reforms are needed to bolster anti-corruption mechanisms at Export Development Canada (EDC), according to a report released today by Above Ground. The publication identifies key weaknesses in EDC’s anti-corruption screening procedures and names several EDC clients investigated and/or charged with corrupt practices.

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

In this report, we examine reforms needed to raise Export Development Canada’s anti-corruption client screening to a more robust standard. The recommendations are informed by leading anti-corruption policies and guidance documents from other export credit agencies, international financial organizations and the private sector.

Response to Kinross and EDC regarding our report “Swept Aside”

With this submission to the Business and Human Rights Resource Centre, Above Ground and Justiça Global welcome the opportunity to address points raised by Kinross Gold and Export Development Canada in response to our report "Swept Aside: An Investigation into Human Rights Abuse at Kinross Gold's Morro do Ouro Mine."

2018-07-31T13:06:55+00:0027 March 2018|Tags: , , , |

Bombardier-Gupta affair provokes timely debate on accountability of EDC

Ongoing media coverage regarding the sale of a Bombardier jet to the Gupta family has triggered an important public debate about the accountability and transparency of Export Development Canada. With Parliament set to review EDC’s governing legislation this year, the timing for such a discussion could not be better.