Submitted by: Export Development Canada
Posted: Jan 17, 2014 – 09:50 AM EST
OTTAWA, O.N., Jan. 17 /CSRwire/ - Export Development Canada (EDC), Canada’s leading provider of trade financing and insurance, today announced that it has renewed its community investment partnership with CARE Canada for another three years. The announcement was made on the fifth anniversary of the partnership.
Since 2009, CARE and EDC have worked together on several economic development projects in emerging markets. As part of the partnership, EDC assigns employees to CARE’s small business and micro-finance projects in the developing world. As an example, four EDC employees left Canada last fall to travel to Zambia, Peru and India where they worked with CARE.
Over the five-year partnership, 18 EDC employees have been seconded to support CARE’s work. They bring their wide range of specialized knowledge to four-month stints in the field, from business development and risk assessment to communications and information management systems.
“Our relationship with EDC has been very much a win-win experience,” said Gillian Barth, President and CEO of CARE Canada. “It has been valuable and mutually beneficial to bring the expertise and mentorship of their staff into the field with us. It offers a fresh perspective on how to help the communities in which we work reach their potential and EDC personnel also receive on-the-ground experience of the challenges faced by other global economies.”
“The Beyond Exports Program is a great example of our corporate social responsibility commitment in action,” said Pierre Gignac, EDC’s Acting President and CEO. “We’re delighted to continue contributing to CARE’s efforts to alleviate poverty around the world. Sending our top talent for up to four months to help small business development initiatives around the world gives them a greater ability to connect with all facets of these markets where we do business.”
EDC selected CARE Canada as a partner because of its extensive experience with small business development in emerging markets and its reputation for professionalism and excellence.
The following EDC employees worked with CARE in 2013:
EDC is Canada’s export credit agency, offering innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC’s knowledge and partnerships are used by more than 7,400 Canadian companies and their global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining and a recognized leader in financial reporting and economic analysis. For more information on the EDC-CARE partnership, including notes from the field by participating employees visit www.edc.ca/EN/About-Us/Corporate-Social-Responsibility/community-investment/Pages/care.aspx.
Founded in 1945, CARE is a leading international humanitarian organization fighting global poverty. In over 80 countries, CARE works with the poorest communities to improve basic health and education, enhance rural livelihoods and food security, increase access to clean water and sanitation, expand economic opportunity, help vulnerable people adapt to climate change and provide lifesaving assistance during emergencies. CARE places special focus on working alongside women and girls living in poverty because, equipped with the proper resources, women and girls have the power to help whole families and entire communities escape poverty. To learn more, visit: www.care.ca.