Export Finance Australia Explained

Agency Name:Export Finance Australia
Formed:1 November 1991
Jurisdiction:Commonwealth of Australia
Employees:105–115
Budget:A$38.6 million (2006)
Chief1 Name:John Hopkins
Chief1 Position:Managing director & CEO
Parent Agency:Department of Foreign Affairs and Trade

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.

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.

Role and function

Export Finance Australia’s mandate enables it to support a wide range of export-related transactions and projects, including:

Commonwealth entities

Export Finance Australia contributes to broader government objectives by providing expertise and support to the following Commonwealth entities, as directed by the Minister of Trade and Tourism: