ANNOUNCEMENT 11 Jul 2017
In 2017 Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 11 July 2017, Export Development Bank Canada (EDC) announced export financing for Public Sector Pension Investment Board, Caisse de Dépôt et Placement du Québec relating to exports to Hungary. The stated purpose of the transaction is support for Canadian direct investment abroad to Airport Hungary Tanácsadó Kft., Hungary.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$100-250 million. Taking the lowest possible amount, in this case, Can.$100 million (approx. U.S.$78.83 million), is our conservative estimate of the financing received.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.