EFIC


Also found in: Acronyms.

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.
References in periodicals archive ?
Now with the support of EFIC and Citigroup, both issues have been resolved and we can focus on performing the contract,' said a beaming Lavis .
amp;nbsp;"ADB's increased capacity to support exports from Australia to emerging Asia should create many opportunities for Australian businesses, large and small, that trade with the region, and their banks," said EFIC executive director Andrea Govaert.
Enterprise Insurer Canada EDC * Australia EFIC ** Denmark EKF * Finland FINNVERA * France COFACE * Germany Euler Hermes * Italy SACE * Japan NEXI * Mexico BANCOMEXT * Netherlands Atradius * New Zealand NZECO ** Norway GIEK * Switzerland SERV * UK ECGD * USA EXIMBANK ** Short-Term Insurance To OECD ([double dagger]) & To Other Medium-term Country ECA EU Countries Countries Insurance Canada EDC * * * Australia EFIC ** Denmark EKF * Finland FINNVERA * * France COFACE * * Germany Euler Hermes * * Italy SACE *** * * Japan NEXI * * * Mexico BANCOMEXT * * * Netherlands Atradius * * New Zealand NZECO ** Norway GIEK * * * Switzerland SERV * * UK ECGD * USA EXIMBANK ** ** ** * Provides service.
John Ingram and Leigh Purnell of Australian Industry Group with Gabrielle Smith of EFIC.
While EFIC has assisted SMEs since 1991 via its Export Working Capital Guarantee facility, I am pleased that the Corporation is working with Westpac so it can better support exporters in the current banking environment".
1]] The APPEAL study was presented today at the annual congress of the European Pain Federation, EFIC in Florence.
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.
and has notified EFIC and the Ministry of Economic Affairs and Finance,
EFIC signed a Reciprocal Reinsurance Agreement with Japan's Export Credit Agency (ECA), Nippon Export and Investment Insurance (NEXI)in April 2005.
It then examines the two main protagonists in the Egyptian market - EFIC and OCI, profiling, providing estimates and recommendations at that point in time.
Under CEO Andrew Hunter, EFIC has been focused on simpler and more streamlined credit application processes, to reduce the time and cost of doing business with EFIC.
50 Most brokers surveyed sell single-risk policies although this remains a small part of the total market51 More than a quarter of the total market is due to export trade credit insurance52 EFIC is not active in short-term trade credit insurance.