Questions surround Efic's role in AIFFP

A person counts Australian dollars. Photo by: REUTERS / Daniel Munoz

CANBERRA — With the outcome of Australia’s federal election determined, work is progressing on the Australian Infrastructure Financing Facility for the Pacific scheduled to start operating in July.

The implementation of AIFFP will be a collaboration between the Department of Foreign Affairs and Trade and the Export Finance and Insurance Corporation — Australia’s export credit agency providing Australian exporters with a range of specialist financial solutions to build their global market. But there are concerns within the development sector that the implementation has been rushed, and that there has been little attempt to address the role Efic will play — its mandate is to advance Australian opportunities, which appears in conflict with the objective of development.

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About the author

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    Lisa Cornish

    Lisa Cornish is a Devex Reporter based in Canberra, where she focuses on the Australian aid community. Lisa formerly worked with News Corp Australia as a data journalist for the national network and was published throughout Australia in major metropolitan and regional newspapers, including the Daily Telegraph in Melbourne, Herald Sun in Melbourne, Courier-Mail in Brisbane, and online through news.com.au. Lisa additionally consults with Australian government providing data analytics, reporting and visualization services. Lisa was awarded the 2014 Journalist of the Year by the New South Wales Institute of Surveyors.