ANNOUNCEMENT 20 May 2020
In 2020, Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 20 May 2020, Export Development Bank Canada (EDC) announced that it had provided support for Canadian direct investment abroad to management firm OMERS Infrastructure Management Inc. for utilities and alternative/renewable energy in the United Kingdom. EDC publishes value ranges rather than precise values. The present project will receive an amount in the range Can.$50-75 million. Taking the lowest possible amount, in this case Can.$50 million (U.S.$37.9 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.