deal with SNC-Lavalin, over allegations the latter had been using money loaned by EDC for bribery purposes. In October 2020, EDC predicted a 2021 global rebound after coronavirus. In 2020, EDC had bookmarked $2 billion to spend by 2023 in support of women-owned businesses "looking to export." In February 2021, Garuda Indonesia was negotiating with EDC for "an early settlement" on the lease of six Bombardier planes with a contract ending in 2024. Also that year, EDC loaned $500 million to Vale, after lending Vale $1 billion in 2010. Operations Business model EDC operates at arm's length from the federal government and according to commercial principles. EDC's mandate is spelled out in the Export Development Act. In response to the global credit crunch, in 2009, the Government of Canada broadened EDC's mandate and scope of activity for a two-year period to include support for domestic trade and domestic business opportunities. The period was extended to March 12, 2014. The corporation is financially self-sustaining. EDC raises funds by charging fees for its services and interest on its loans, as well as issuing debt in capital markets. EDC operates according to a Corporate Plan approved annually by the federal government, and its Operating Principles dictate that it conducts its business in a manner that is respectful of applicable international agreements to which Canada is a party; is consistent with its Corporate Sustainability Responsibility (CSR) commitments; and ensures the sound financial management of its activities. In 2011, EDC and BDC (Business Development Bank of Canada) announced the signing of a new protocol to coordinate collaborative efforts between the two Crown corporations to better benefit Canadian businesses. Publications EDC publishes an online magazine for Canadian Exporters, ExportWise (Exportateurs avertis in French). Locations In addition to the Ottawa headquarters, EDC operates from 20 regional offices in Toronto, Kitchener, London, Mississauga, Windsor, Vancouver, Calgary, Edmonton, Regina, Saskatoon, Winnipeg, Montreal, Sherbrooke, Brossard, Drummondville, Quebec, Saint-Laurent, Halifax, Moncton, St. John's, Charlottetown; as well as from 21 offices abroad including in; Australia, Brazil, Chile, China, Colombia, Germany, India, Mexico, Peru, South Africa, Singapore, Turkey, the UAE, the United Kingdom and the United States. Executive team Mairead Lavery - President and CEO Carl Burlock - EVP and Chief Business Officer Lorraine Audsley - SVP and Chief Risk Officer Stephanie Butt Thibodeau - SVP, People and Culture Jacques Chamberland - SVP and Chief Technology Officer Ken Kember - SVP, Finance and