Australia's Export Credit Arrangements

Inquiry report

This inquiry report was released on 26 June 2012.

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Contents

  • Preliminaries
    • Cover, Copyright, Letter, Terms of reference, Contents and Abbreviations
  • Overview - including key points
  • Findings and recommendations
  • Chapter 1 Introduction
    • 1.1 Background to this inquiry
    • 1.2 What has the Commission been asked to do?
    • 1.3 Conduct of the inquiry
  • Chapter 2 Export Finance and Insurance Corporation
    • 2.1 The role of international trade in the economy
    • 2.2 Export Finance and Insurance Corporation
  • Chapter 3 Private sector provision of export finance and insurance
    • 3.1 The role of finance and insurance in trade
    • 3.2 Finance and insurance markets
    • 3.3 Comparison of products offered by EFIC and private providers
    • 3.4 Difference in coverage between EFIC and the private sector
    • 3.5 Alternatives to using export finance and insurance products
    • 3.6 In sum
  • Chapter 4 Analytical framework
    • 4.1 What are the policy design questions?
    • 4.2 Rationale for intervention
    • 4.3 Achieving cost-effectiveness
    • 4.4 Distributional effects
  • Chapter 5 Economics of export finance and insurance
    • 5.1 National interest rationales
    • 5.2 Broader rationales suggested for export support
    • 5.3 Specific problems in export finance and insurance markets
  • Chapter 6 Pricing of export credit
    • 6.1 What is a subsidy and how could it arise?
    • 6.2 How does EFIC price its products?
    • 6.3 Analysis of whether EFICís products are priced efficiently
  • Chapter 7 Economic impacts of current arrangements
    • 7.1 The market gap
    • 7.2 EFIC's role in the allocation of resources in the economy
    • 7.3 EFIC and the incentives of others
    • 7.4 In sum
  • Chapter 8 Financial management and performance
    • 8.1 Risk management
    • 8.2 Dividends
    • 8.3 EFIC's treasury
    • 8.4 EFIC's financial performance
  • Chapter 9 Governance arrangements
    • 9.1 The importance of good governance
    • 9.2 EFICís governance arrangements
    • 9.3 Are EFICís external governance arrangements adequate?
    • 9.4 Are EFICís internal governance arrangements adequate?
    • 9.5 The national interest account
    • 9.6 EFICís environmental and social responsibilities
    • 9.7 Confidentiality and disclosure issues
    • 9.8 In sum
  • Chapter 10 A future role for EFIC: limited support for SMEs
    • 10.1 Changing EFICís scope of operations
    • 10.2 Structural and operational reform of EFIC
    • 10.3 Next steps
  • Appendix A Conduct of the inquiry
  • Appendix B Estimating export credit subsidies
  • Appendix C Approaches of other ECAs: similarities and differences
  • Appendix D Other government bodies
  • Appendix E EFICís environmental and social policy
  • References

Just briefly...

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