Export Development Canada (EDC)

Export Development Canada has been Canada’s export credit agency since 1944.

They support and develop Canada’s export trade by helping Canadian companies respond to international business opportunities.

The company is a self-financing Crown corporation that operates at arm’s length from the government.

 

What do we do?

Export Development Canada provides insurance and financial services, bonding products and small business solutions to Canadian exporters and investors and their international buyers.

The firm also supports Canadian direct investment abroad and investment into Canada. Much of its business is done in partnership with other financial institutions and through collaboration with the Government of Canada.

In 2017, EDC was entrusted by the Government of Canada to create a Canadian development finance institution (DFI).

Created as a subsidiary of EDC, the DFI’s core mandate will be to support sustainable development and poverty reduction in developing countries by providing financial services in support of private sector initiatives.

 

How we operate

Unlike most export credit agencies that rely on governmental annual appropriations, EDC is financially self-sufficient and operate much like a commercial institution.

The company collects interest on our loans and premiums on its insurance products.

It also has a treasury department that sells bonds and raises money in global capital markets.

The company is committed to the principles of corporate social responsibility (CSR).

Its rigorous due diligence requirements ensure that all projects and transactions it supports are financially, environmentally and socially responsible.

EDC believes that good business—adopting and embracing these principles while we facilitate trade for Canadian investors and exporters—is good for business. 


 

Articles about Export Development Canada (EDC)

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