The Australian Infrastructure Financing Facility for the Pacific (AIFFP) provides financial support for infrastructure projects in the Pacific and Timor-Leste.
It is operated by the Department of Foreign Affairs and Trade (DFAT) on behalf of the Australian Government.
The AIFFP focuses on 3 high-level outcomes:
- increasing access to capital for infrastructure in Pacific countries and Timor-Leste
- providing financing that meets their development needs
- being the preferred partner for financing infrastructure in the region.
Types of finance
The AIFFP provides loans, grants or a combination of both. Loans may be issued to sovereign, state-owned enterprises or private sector partners.
Export Finance Australia (EFA) issues loans on behalf of the facility under the Export Finance and Insurance Corporation Act 1991.
Background
The facility was established in July 2019. It operates as a non-corporate Commonwealth entity and specialist direct investment vehicle.
Governance
The Minister for Foreign Affairs and the Minister for International Development and the Pacific are responsible for the AIFFP.
It is governed by an advisory board. Read more on the AIFFP website.
More information
To find out more about its purpose and functions, go to the AIFFP website.
For questions about policy matters, contact the DFAT.
