Coalition Welcomes EDC Report, Warns Only First Step for Crown Corporation
Ottawa, September 16 – A Canadian coalition of development, environment, faith-based, human rights, and labour groups today welcomed the release of Export Development Canada’s Second Annual Chief Environmental Adviser’s Report, but warned that this is only a small step towards ensuring greater public accountability for the Crown Corporation.
“We are definitely encouraged that EDC chose to release this report for a second year running, and responded to earlier feedback by shedding a little more light on EDC’s internal workings”, said Fraser Reilly-King, Coordinator of the NGO Working Group on EDC. “But when you have to wait a year to get any substantive information relating to EDC’s environmental transactions, it becomes obvious how far they still have to go.”
WASHINGTON, Jul. 23, 2004 – The World Bank has sanctioned Acres International Limited (Acres), a Canadian company, as a result of corrupt activities related to its Bank financed contract associated with the Lesotho Highlands Water Project (LHWP). Acres was declared ineligible to receive any new Bank financed contracts for a period of three years. This action is part of the Bank’s broad anticorruption efforts initiated by President James Wolfensohn in 1996. More information on the World Bank’s overall anticorruption policies and activities can be found at: http://www.worldbank.org/anticorruption.
Mr. Fraser Reilly-King
153 Chapel Street, Ste 104
Ottawa ON KIN 1H5
Re: Compliance program file number 2236--1-1-2003
Dear Mr. Reilly-King:
With this letter, I would like to report to you the status of the compliance program review of your letter of complaint dated July 28, 2003.
To reiterate, in your letter, you alleged that Export Development Canada (EDC) "violated the spirit of its disclosure policy, environmental review directive [(ERD)] and Code of Business Ethics" in relation to the Cernavoda 2 nuclear power plant transaction in Romania. You set out specific sections of each policy and proffered substantiating information for the allegations of non-compliance. You saw my role "as interpreting these policies in ways that ensure that they are implemented to their best intent."
July 22nd, 2003
The Role of IFIs
Halifax Initiative Coalition
I may have been asked to give this talk as I, among our Commonwealth colleagues, sit closest to Washington. As there is so much experience in the room in addressing issues of the World Bank and the IMF, I will merely start a list of all the ways that the IFIs are implicated in the relentless drive towards privatization of public assets.
First, I would like to quickly share two contextual comments regarding this push towards privatization. It must be situated within the drive towards the end of history, or the ultimate global supremacy of US-modeled capitalism. This victory was declared at the end of the Cold War. The end of history envisions the role of the state being limited to maintaining law and order and a sound investment climate.