# Export Development Canada

Export Development Canada is a Government / Public Body based in Ottawa, Canada.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Ottawa, Canada
- **Region:** North America
- **Address:** 150 Slater Street, Ottawa, Ontario, Canada
- **Founded:** 1944
- **Assets under management:** Undisclosed
- **Website:** edc.ca
- **LinkedIn:** https://www.linkedin.com/company/export-development-canada

## Regulatory record

- **Reports private funds:** No

## About

Export Development Canada (EDC) is Canada’s export credit agency, offering trade finance, export credit insurance, bonding services, & foreign market expertise.

## Sectors

- Export Finance
- Trade Credit Insurance
- Private Credit
- Infrastructure
- Energy Transition & Renewables
- Private Equity

## People

- Mairead Lavery — President and CEO

## Questions

### How is Export Development Canada governed, and who runs it?

EDC is a Crown corporation wholly owned by the Government of Canada and reports to Parliament through the Minister of International Trade. A Board of Directors appointed by the government oversees the corporation, and Mairead Lavery serves as President and CEO. EDC operates at arm's length from government on day-to-day lending and investment decisions.

### Does EDC complement commercial banks, or does it compete with them?

EDC's mandate is to complement — not displace — commercial bank lending. It steps in when Canadian banks cannot or will not provide credit, often because of buyer-country risk, working-capital constraints, or the scale of the transaction. EDC frequently co-lends with commercial banks and participates in syndicated facilities alongside Canadian and international financial institutions.

### How does FinDev Canada relate to EDC, and what is its mandate?

FinDev Canada is a wholly owned subsidiary of EDC, established in 2018 as Canada's official Development Finance Institution. It provides loans, equity, and guarantees in emerging and frontier markets with a focus on gender equality, climate action, and market development. The DFI operates under a separate investment policy and management structure but draws on EDC's back-office infrastructure.

### What is EDC's posture on climate and sustainability in its portfolio?

EDC sits on the steering committee of the Equator Principles Association and chairs the Climate Working Group of the Berne Union. In 2023, it launched a sustainable and transition finance facility, signaling an increased focus on climate-aligned lending. The corporation also publishes an annual sustainability report aligned with TCFD recommendations.

### How is EDC financed, and does it rely on Canadian taxpayer appropriations?

EDC is self-funding. It generates revenue from interest on loans, insurance premiums, and investment income. The corporation issues debt in domestic and international capital markets under its own name, supported by the full faith and credit of the Government of Canada. It does not receive annual parliamentary appropriations for its ongoing operations.

## Related profiles

- [Export Development Bank of Iran](https://altss.com/profile/export-development-bank-of-iran)
- [Export-Import Bank of China](https://altss.com/profile/export-import-bank-of-china)

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Last updated: 2026-06-03T20:00:00.000Z

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