Mandate and Role
EDC’s mandateEDC’s mandate is to grow and develop Canada’s trade, and the capacity of Canadian companies to participate in and respond to international business opportunities. EDC provides trade finance and risk mitigation services to Canadian companies to help them compete internationally.
EDC’s mandate is spelled out in the Export Development Act.
Export Development Act Review 2008
EDC’s public role
EDC is a Crown corporation that reports to Parliament through the Minister of International Trade. The corporation operates on commercial principles, and works in partnership with other government agencies and the private sector to increase the competitiveness and success of Canadian companies abroad.
EDC’s strength in financial services, innovative insurance and bonding products, international networks, and its in-depth analysis of global economic conditions, helps the corporation tailor solutions to the needs of Canadian exporters and investors.
EDC is financially self-sustaining. Its treasury and risk management strategies enable it to assist Canadian exporters without relying on tax dollars. EDC raises funds by charging fees for its services and interest on its loans, as well as issuing debt in capital markets. Since 2002, EDC has paid $695 million in dividends to the Government of Canada.
