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Agency overview | |
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Formed | 1 November 1991 |
Jurisdiction | Commonwealth of Australia |
Employees | 105–115 |
Annual budget | A$38.6 million (2006) |
Agency executive |
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Parent agency | Department of Foreign Affairs and Trade |
Website | www |
Export Finance Australia, formerly known as the Export Finance and Insurance Corporation (EFIC), is an Australian government agency responsible for supporting the country's export activities. It operates under the Export Finance and Insurance Corporation Act 1991 (Cth) as a statutory corporation fully owned by the Commonwealth of Australia.
Established in its current form on November 1st, 1991. Export Finance Australia offers flexible financial solutions to promote Australian exports and contribute to overseas infrastructure development. The agency collaborates with banks, financial institutions, government bodies such as the Department of Foreign Affairs and Trade, the Australian Trade and Investment Commission (Austrade), and international financiers.[citation needed]
The agency's primary goal is to facilitate Australian businesses in expanding globally and to support export ventures and infrastructure projects in the Indo-Pacific region. Export Finance Australia aims to promote Australia's economic interests in the international market through financial support and partnerships with international organizations.[citation needed]
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