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EFIC

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EFIC

Export Finance Insurance Corp.
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 (ECAs), 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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Al-Mal EFIC announced its unaudited consolidated financial results for the ninth month of 2009 Egyptian Financial and Industrial (EFIC) announced its consolidated financial results for the ninth month of this year, where it recorded a pre-tax profit of LE 52.
The facility has been put in place to provide support for GMH exports of vehicles, parts and engineering services to Europe, the Middle East, Africa and Asia, as the Australian manufacturer establishes stronger market links under the newly created General Motors Company," EFIC said.
The facility has been put in place to provide support for GMH exports of vehicles, parts and engineering services to Europe, the Middle East, Africa and Asia, as the Australian manufacturer establishes stronger market links under the newly created General Motors Company," EFIC said.
 
 
 
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