EDC has adjusted its focus and solutions to reflect the challenges facing Canadian exporters during the COVID-19 pandemic. To learn more, click here

With the recent launch of the $65-billion federal Business Credit Availability Program (BCAP), we’ve adjusted our focus and flexibility to help Canadian companies challenged by the pandemic. For COVID-related queries and answers to your exporting questions, please visit our Export Help Hub. For timely economic insights, check out our Global Economic Outlook and get the latest news on the Canada-United States-Mexico Agreement

EDC’s Country Risk Quarterly, an interactive tool, offers timely information on 50 countries and allows you to stay on top of country risk, including leveraging high-frequency data such as fluctuations in the stock market, exchange rates and bond spreads.

Top 5 country risk findings:

1. The outlook for short-term economic and political risk has become more varied around the world. While things are improving in the United States, United Kingdom, China and the Eurozone as these countries successfully manage COVID-19 and their vaccination programs, risk has increased in Brazil, India and other emerging markets where the number of coronavirus cases continue to surge.

2. Countries carrying high debt loads that are held beyond their borders continue to be vulnerable. As the outlook improves in developed countries, market sentiment and financing conditions are likely to tighten globally. A lag in widely distributing vaccines to emerging markets increases their risk to tightening global interest rates before their economies begin recovering.  

3. The world’s least-developed economies are benefiting from official debt relief, but some emerging markets have been left out in the cold, despite facing similar liquidity pressures. While there hasn’t yet been a wave of defaults, sovereign credit quality in frontier markets continues to decline.  

4. Political instability risks are rising as COVID-19 and associated lockdown measures are exacerbating underlying civic tensions in several global hotspots. While COVID-19 isn’t directly responsible for unrest, it has shone a spotlight on, and fuelled, pre-existing societal fissures. 

5. The economic recovery is poised to be slow and uneven, with some sectors—agriculture, consumer goods, forestry and chemicals—expected to outperform others.

Discover more valuable insights

Tourism hit hard in developing world


Many emerging countries, which are heavily dependent on tourism, lack ample COVID-19 vaccine supplies.

Protesters march against government

Political unrest

As many countries face health and economic issues, protests against government actions are on the rise.

Globe rests in woman’s hand

Debt forgiveness

Many developing countries are negotiating immediate debt relief from international creditors such as the International Monetary Fund to give them financial support.


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