Prepared by the NGO Working Group on the Export Development Corporation, a project of the Halifax Initiative
The Canadian Export Development Corporation (EDC) is the main source of publicly supported export financing in Canada, designed to complement the private financial sector wherever possible. A federal Crown corporation, EDC provides Canadian exporters with financing products to help their customers, and with commercial and political risk insurance, particularly for higher-risk and emerging markets. In 1998, EDC worked with 4,183 customers in 200 countries, helping Canadian companies to generate nearly $35 billion in sales and foreign investments.
Policy Paper of the NGO Working Group on the Export Development Corporation, November 1999, on issues relating to disclosure, the environment, human rights and debt.
This report makes a series of recommendations, building on EDC's own initiatives and the recommendations made by Gowling, Strathy and Henderson in their report on the legislative review of the Export Development Act. If implemented, EDC would be a public financial institution that we would be proud to call Canadian.
Open Letter to Mr. James D. Wolfensohn, President of the World Bank, from 86 NGOs in 28 Countries Concerning the Chad/Cameroon Oil & Pipeline Project
July 9, 1998
James D. Wolfensohn, President
The World Bank
1818 H Street, N.W.
Washington, D.C. 20433 Dear Mr. Wolfensohn, The 86 undersigned environment, development, human rights and religious organizations from 28 countries call upon you to suspend World Bank participation in the Chad/Cameroon Oil & Pipeline project until respect for human rights and compliance with World Bank environmental and other policies can be fully guaranteed.We are writing to draw your attention to the especially troublesome situation, including the severe violation of human rights, in southern Chad and to the inadequacy of the environmental impact assessment and environmental management plan for the project submitted to the Bank by Exxon.