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EFIC

   Also found in: Acronyms 0.01 sec.
EFIC

Export Finance Insurance Corporation
A government-owned corporation in Australia that extends credit to Australian exporters. The EFIC also provides guarantees and insurance for exports, and encourages private banks to do the same. Like other export credit agencies, the EFIC is controversial; critics allege that ECAs negatively impact international development, as developing countries cannot compete with such insured exports. Proponents of ECAs argue that they enable developing countries to import products they otherwise would not be able to afford.


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Under the terms of the agreement, Zurich and EFIC will help each other manage their respective portfolios by entering into risk-sharing arrangements.
She also served at EFIC as a senior underwriter in the export credit insurance division.
Prior to EFIC, he worked at Banque Nationale de Paris as assistant general manager of the Structured Finance Division.
 
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