Export Finance and Insurance Corporation - EFIC - Sponsor's Message - Brief Article

Business Asia, May, 2003

As Australia's export credit agency, EFIC increases Australian exports by providing internationally competitive finance and insurance services to Australian exporters and investors.

EFIC's market expertise in Asia has been a contributing factor to the success of many projects with Australian involvement. Collaboration between EFIC. banks and other financial institutions is often vital to meet the buyer's needs and to manage the risks associated with the project.

Last financial year, EFIC supported $2.3 billon of Australian exports to the Asian region, which was up five per cent from the previous year. The trend continues this year, with EFIC continuing to be actively involved in major transactions, particularly in the infrastructure and engineering sectors.

In a recent case in the eastern district of Ampara in Sri Lanka, EFIC worked with a number of financiers to provide financing solutions for the Sri Lankan government on a project that will deliver quality piped water to over 300,000 people. The transaction represents EFIC's third participation in Sri Lanka's water distribution sector as it continues to assist Australian exports to the Asian region.

For more information about EFIC's products and services, call 1800 887 588 or visit, www.efic.gov.au