At the time the program was being considered, in March 2020, we indicated that we typically give 300 loans per year. While we didn't know the extent of the program at that time—that it would reach 900,000 loans—it was certainly of a magnitude that was very different to what EDC does in its day-to-day business. We indicated that it would be very challenging and that we would need to use third party support to deliver.
On December 4th, 2024. See this statement in context.