Minister amends Efic mandate to support resource projects

September 11, 2017

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Federal Trade, Tourism and Investment Minister Steven Ciobo has mandated the Export Finance and Insurance Corporation (Efic) to support onshore resource and related infrastructure projects, in instances where there is a “demonstrated market gap” in the availability of private sector finance.

Ciobo said on Monday that the changes to the mandate were in response to an increasing number of resource projects in some market segments facing difficulties obtaining private market finance for otherwise viable projects.

Category: General