Export Finance Insurance Corp.

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Export Finance Insurance Corp.

Australia's Export Credit Agency.

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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4 November 2010 - Citigroup (NYSE:C) and the Royal Bank of Scotland (LON:RBS) handled a new AUD500m (USD497m/EUR534m) bond issue of Australian government-backed Export Finance Insurance Corp, Reuters said today.

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