Export Development Corp.

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Export Development Corp.

Canada's Export Credit Agency.

Export Development Corp.

A government owned corporation in Canada that extends credit to Canadian exporters. Export Development Canada also provides guarantees and insurance for exports. Like other export credit agencies (ECA), Export Development Canada is controversial; critics allege that ECAs negatively impact international development, as developing countries cannot compete with such insured exports. Proponents of ECAs argue that they enable developing countries to import products they otherwise would not be able to afford.
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Moreover, Coal India had borrowed money worth Rs 1,333 crore from global financing agencies such as International Bank for Reconstruction and Development and Export Development Corp of Canada, as of March last year.
Canada is another important source of funding for Algiers, with its Export Development Corp. (EDC) being one of the few Western agencies to remain on-cover for medium and long-term financing of Algerian projects.
In addition to the awards ceremony, sponsored by the Export Development Corp., the province also encourages exporting through other vehicles, such as virtual trade missions.
The Export Development Corp., a Canadian Crown company owed $C20.4M, will receive $C4.5M.
The cost of Canadian goods and services for this project are being financed by a loan from the Export Development Corp. of Canada.

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