Transparency and disclosure

Press Release - September 16, 2004

Coalition Welcomes EDC Report, Warns Only First Step for Crown Corporation

Ottawa, September 16 – A Canadian coalition of development, environment, faith-based, human rights, and labour groups today welcomed the release of Export Development Canada’s Second Annual Chief Environmental Adviser’s Report, but warned that this is only a small step towards ensuring greater public accountability for the Crown Corporation.

“We are definitely encouraged that EDC chose to release this report for a second year running, and responded to earlier feedback by shedding a little more light on EDC’s internal workings”, said Fraser Reilly-King, Coordinator of the NGO Working Group on EDC. “But when you have to wait a year to get any substantive information relating to EDC’s environmental transactions, it becomes obvious how far they still have to go.”

World Bank Press Release: Friday, July 23, 2004

World Bank Sanctions Acres International Limited

World Bank News Release No: 2005/33/S

WASHINGTON, Jul. 23, 2004 – The World Bank has sanctioned Acres International Limited (Acres), a Canadian company, as a result of corrupt activities related to its Bank financed contract associated with the Lesotho Highlands Water Project (LHWP). Acres was declared ineligible to receive any new Bank financed contracts for a period of three years. This action is part of the Bank’s broad anticorruption efforts initiated by President James Wolfensohn in 1996. More information on the World Bank’s overall anticorruption policies and activities can be found at: http://www.worldbank.org/anticorruption.

Comments on the OECD 2003 Common Approaches, Rev. 2 - November 20, 2003

November 20, 2003

Mr. A. Ian Gillespie
President and CEO
Export Development Canada
151 O’Connor Street,
Ottawa, ON K1A 1K3

The Hon. Pierre Pettigrew
Minister of International Trade
Department of Foreign Affairs
125 Sussex Drive, Tower B, 5th Floor
Ottawa, ON   K1A 0G2

Dear Minister Pettigrew and Mr. Gillespie,

Thank you for forwarding me Rev. 2 of the OECD “Common Approaches on Environment and Officially Support Export Credits 2003.”

Comments on the OECD 2003 Common Approaches, Rev. 2 - Novemeber 20, 2003

November 20, 2003

Mr. A. Ian Gillespie
President and CEO
Export Development Canada
151 O’Connor Street,
Ottawa, ON K1A 1K3

The Hon. Pierre Pettigrew
Minister of International Trade
Department of Foreign Affairs
125 Sussex Drive, Tower B, 5th Floor
Ottawa, ON   K1A 0G2

Dear Minister Pettigrew and Mr. Gillespie,

Thank you for forwarding me Rev. 2 of the OECD “Common Approaches on Environment and Officially Support Export Credits 2003.”

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