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  • Bangladesh exposes flaws in World Bank's Doing Business Index
  • A flawed 'Doing Business' report
  • Risk and accountability: What role for the Inspection Panel?
  • Rio Tinto gets Australian government loan for Mongolian mine project
  • Deutsche Bank and IFC accused of bankrolling Vietnam firms' land grabs
  • World Bank data on measure of global poverty level faulted
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Export Credit Agencies

Gail Hurley

Beyond a new debt crisis

Gail Hurley, Policy and Advocacy Officer, European Network on Debt and
Development

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audio/mpeg iconHurley.mp3

Monthly Issue Update - October 30, 2009

Experts address missing pieces of crisis response ahead of Canadian 2010 G8/G20 meeting
On October 19th and 20th the Halifax Initiative co-hosted a conference with The North-South Institute and the University of Ottawa on “What’s missing in the response to the global financial crisis?” The conference sought to engage the Canadian government in discussions with national and international academics, activists and policy-makers ahead of next year’s G8/G20. The conference touched upon a range of issues related to the causes of the crisis, policy and regulatory remedies, governance of the international financial institutions, tax havens and unfettered private capital flows, an emerging debt crisis, alternatives to the renewal of the Doha trade round, and the respective roles of the United Nations and G20. A policy brief with clear recommendations for the government is forthcoming.

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Presentation to the Standing Committee on Foreign Affairs and International Development on Bill C-300

Presentation regarding Bill C-300 - An Act respecting Corporate Accountability for the Activities of Mining, Oil or Gas in Developing Countries

Karyn Keenan, Program Officer, Halifax Initiative
October 22, 2009

The Halifax Initiative is a coalition of human rights, environmental, faith-based, development and labour organizations. Our objective is to transform public international financial institutions to achieve poverty eradication, environmental sustainability and the full realization of universal human rights.

My work focuses on the operations of public institutions that provide support to the private sector, in particular the International Finance Corporation of the World Bank Group and Export Development Canada. The latter, a Crown corporation, is Canada’s export credit agency and will be the focus of my comments this morning.

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Resources - Extractives and CSR

General | Standards & Best Practices | Positive & Negative Incentives | Verification/Assurance & Dispute Resolution | Governance


GENERAL


CNCA Statement Regarding the April 2008 Report of the UN Secretary-General's Special Representative on Business and Human Rights

July 2008

This CNCA submission to the Special Representative provides feedback regarding the final report from the first part of his mandate.

CSR Roundtables - Briefing notes

June 2006

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Export Development Canada's Compliance Mechanism - Lessons learned

"Compliance Mechanisms"

This presentation was made as part of a workshop on Export Credit Agencies at a two day discussion on "Export Credit Agencies and Human Rights Accountability" held in Belgium, Brussels in September 2005.

For further details on the Brussels meeting, go to our Past Events section.

Export Development Canada Environmental Policy Review Submission - August 26, 2009

The Halifax Initiative is a coalition of human rights, environmental, faith-based, development and labour organizations. Our objective is to transform the international financial institutions to achieve poverty eradication, environmental sustainability and the full realization of universal human rights.

The Halifax Initiative supports the review of Export Development Canada’s Environmental Policy and disclosure practices, and is grateful for the opportunity to provide input to the review process.

1. Project environmental and social standards
a. Compliance

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FAQs - ECAs and EDC

Revised June 2008

Export credit agencies Export Development Canada
What is an export credit agency?
What is an export credit?
How significant are export credits?
Who coordinates export credit agencies?
Why a campaign on ECAs?
So what have ECAs done in response?
Do other countries have export credit agencies?
What is Export Development Canada?
What makes EDC a Public Financial Institution?
What does EDC do?
What is trade financing?
What is project financing?
To whom does EDC report?
How does EDC finance itself?
So EDC isn’t subsidized by the government?
Who makes decisions on projects at EDC?
What is the Canada Account?
What are the risks of the Canada Account?
Can the public access information about EDC operations?
What is EDC’s policy on Human Rights?
Does EDC apply environmental and social standards to its clients?
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Monthly Issue Update: May 29, 2009

Tensions build as UN conference on crisis postponed
June 24-26 now mark the new dates for the UN Conference on the World Financial and Economic Crisis and Its Impacts on Development, postponed from the beginning of the month as many European heads of state had said they could not participate because of European Parliamentary elections. The postponement is welcome relief to a process that began last October and has been tense ever since, exposing clear lines between those who favour a truly global response to the current crisis with a real rethink of how the global economy is governed vs. the newly crowned G-20 and their proposal for a status quo plus approach.

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Press Responses: April 15, 2009

EDC Legislative Review Riles Rights Groups

Embassy - Canada's Foreign Policy Newspaper
http://embassymag.ca/page/printpage/edc-4-15-2009

by Michelle Collins

Leading civil society advocates are fuming that a review of Export Development Canada's business activities did little to advance the agency's obligations to human rights and transparency, and they are calling on the government to act.

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Monthly Issue Update - April 30, 2009

G-20 response to financial crisis - money, money, money
All eyes were on the Group of 20 (G-20) this month as they met in London and announced a whopping $1.1 trillion to stimulate the global economy. The impressive figure and various commitments on tax havens, regulation, and boosting the IMF’s lending capacity (See “Just the Facts”) grabbed the headlines and saw stock markets respond positively the next day.

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