Re: New interview with Farhad
in response to
by
posted on
Aug 03, 2014 10:02AM
Focusing on the Dallol Potash Project in Ethiopia
Here's another little tidbit:
Read this article from McLeans reagrding Export Development Canada (EDC):
http://www.macleans.ca/economy/economicanalysis/a-crown-corp-that-thinks-its-a-bank/
Now check out this part of the NR:
Following receipt of renewed letters of interest from large Development Finance Institutions ("DFIs") and Export Credit Agencies ("ECAs"), formal mandate letters have been signed between Allana and members of the group of DFIs and ECAs. In parallel with the mandates, lenders have begun formal loan assessment preparations and a due diligence review of the Project. The group of lenders includes large multilateral and regional DFIs and ECAs from North America, Europe and Africa.
Hmmm ... North America? Could that be the EDC? Allana is EXACTLY the kind of projects they like to finance. It would make an excellent check mark on Canada - Ethiopia relations scorecard. I can see the headlines: Canadian Government Crown Corp (EDC) helps finance Canadian Potash Mining Company in Ethiopia in order to help African agriculture and food security.