The Export Finance and Insurance Corporation (EFIC) is Australia’s export credit agency and has carried out its role within various statutory frameworks since 1957. EFIC was established in its current form on 1 November 1991 under the Export Finance and Insurance Corporation Act 1991 (Cth) (the EFIC Act) as a statutory corporation wholly owned by the Commonwealth of Australia.
EFIC’s role is to provide tailored finance solutions to help Australian businesses overcome the financial barriers they face when expanding their export activities.
It helps Australian-based businesses to win and finance export, offshore investment and onshore export-related opportunities when their bank is unable to provide all the support they need.
EFIC has over 50 years of export finance and industry expertise, contacts at financial institutions around the globe, the strength of our AAA credit rating and an entrepreneurial business approach to make export and eligible export-related deals happen.
It practises responsible lending and uphold social and environmental best practice in the transactions we support.
EFIC reports to The Hon. Craig Emerson MP, Minister for Trade and Competitiveness. EFIC is part of the Department of Foreign Affairs and Trade.
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