ANNOUNCEMENT 27 Aug 2015In August 2015, the government of Australia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Efic Annual Report 2014/15
On 27 August 2015, the Australian export credit agency Efic published its 2014/15 annual report. The report included a list of all beneficiaries of trade finance for the given fiscal year.
One of these beneficiaries was McConell Dowell Corporation Ltd, which was offered bonds worth 15.1 million AUD for engineering projects in Indonesia and Thailand.
Given that Efic does not provide the exact date that the trade finance deal was signed, the most conservative date, i.e. the 30 June 2015, was set as the inception date.
The list of affected trading partners is based on FDI inflows only for Indonesia, as no such statistics were available for Thailand.