NEWS RELEASES
EGGLETON LAUNCHES INTERNATIONAL FINANCIAL INSTITUTIONS/CAPITAL PROJECTS INFORMATION SYSTEM
December 2, 1996 No. 228
EGGLETON LAUNCHES INTERNATIONAL FINANCIAL
INSTITUTIONS/CAPITAL PROJECTS INFORMATION SYSTEM
The Honourable Art Eggleton, Minister for International Trade, today launched the
International Financial Institutions (IFI)/Capital Projects Information System
developed by the Department of Foreign Affairs and International Trade.
Projects financed by the multilateral development banks represent significant
opportunities for Canadian businesses. Canadian companies are eligible to bid on
over $12 billion worth of contracts open to foreign suppliers annually. The
IFI/Capital Projects Information System will provide Canadian exporters with
timely and accurate information on these opportunities and improve their chances
of success.
"The IFI/Capital Projects Information System is making it easier for Canadian
companies to tap into these lucrative IFI-funded projects in the international
marketplace," said Mr. Eggleton. "This new information system is a true
reflection of the Team Canada partnership between governments and the private
sector."
"With 40 per cent of our GDP and one in three jobs dependent on international
trade, it is clear that exports are critical to our economy. Canadian companies'
successes abroad translate into more jobs and increased economic growth for all
Canadians," said Mr. Eggleton.
The IFI/Capital Projects Information System is a tangible response to the
recommendations of an Interdepartmental Task Force on International Financial
Institutions Procurement. These recommendations called for the development of a
mechanism to help Canadian businesses compete for IFI-financed projects.
The system captures, integrates and disseminates IFI project information. Contact
information is available on agencies implementing projects in borrowing countries.
Key contacts in Canadian missions and IFI field offices abroad are also available.
The system currently provides access to project information from the following
institutions:
the World Bank;
the Inter-American Development Bank;
the African Development Bank;
the International Finance Corporation;
the United Nations Development Program; and
the Asian Development Bank
Canadian companies may obtain more information on the IFI Capital Projects
Information System by contacting the Department of Foreign Affairs and
International Trade's Internet site at http://www.dfait-maeci.gc.ca under the
international business development category.
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For further Information, media representatives may contact:
Nicole Bourget
Director of Communications
Office of the Minister for International Trade
(613) 996-6271
Media Relations Office
Department of Foreign Affairs and International Trade
(613) 995-1874
This document is also available on the Department's Internet site:
http:///www.dfait-maeci.gc.ca
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