efic (export finance and insurance corporation)

Export Finance Australia, formerly known as the Export Finance and Insurance Corporation (Efic), is Australia's export credit agency operating under the Australian Government. Established in 1956, its mission is to support the growth of Australian businesses internationally by providing tailored financial solutions. The corporation helps exporters, particularly small and medium-sized enterprises (SMEs), manage the risks of exporting and secure the finance needed for their international ventures when their primary bank is unable to assist. Its services include direct loans, guarantees, bonds, and various insurance products designed to facilitate export trade. Export Finance Australia operates on a commercial basis and works in partnership with commercial banks to fill market gaps.