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Mexican chapter in the Odebrecht saga underscores need to bolster transparency at EDC

By Anna Zalik, Karen Hamilton      

In its review this year of the Export Development Act, the government must turn a critical eye to this issue. The review, conducted by the trade minister every ten years, provides a crucial opportunity to enhance the transparency of EDC’s due diligence practices. Only once those practices are subject to scrutiny can Canadians assess whether our export credit agency is taking robust action to avoid supporting businesses involved in bribery or other abuses.

As minister of international trade, François-Philippe Champagne is responsible for leading the review of the Export Development Act, federal legislation that created Export Development Canada, a Crown corporation. The Hill Times photograph by Andrew Meade

When allegations emerged last fall that the Mexican president’s 2012 election campaign was funded in part by a subsidiary of the Brazilian construction giant Odebrecht, the news barely made headlines in Canada. But this recent development in the far-reaching Odebrecht corruption scandal should give us pause, because it raises crucial questions about the anti-corruption and disclosure policies of our export credit agency, Export Development Canada (EDC).

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Pace of virtual inspections on migrant worker conditions a concern, say critics, with half completed this summer

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