Export-import Bank

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Export-import Bank (Ex-IM Bank)

The U.S. federal government agency that extends trade credits to U.S. companies to facilitate the financing of U.S. exports.

Export-Import Bank

The United States government's export credit agency, which extends credit to American exporters. The ExIm Bank also provides guarantees and insurance for exports. Unlike some other export credit agencies, it is not allowed to compete with private banks; it simply extends credit for transactions that would not otherwise receive it. Like other export credit agencies, however, the ExIm Bank is controversial; critics allege that ECAs negatively impact international development as developing countries cannot compete with such insured exports. Proponents of ECAs argue that they enable developing countries to import products they otherwise would not be able to afford.
References in periodicals archive ?
The major need for the independent film industry has been to obtain assistance from the Ex-Im Bank to assist in resolving the financing problems of quality collateral used to support production loans.
House Financial Services Subcommittee on International Monetary Policy and Trade Chairman Gary Miller (R-Calif) is working on a discussion draft of the Ex-Im Bank reauthorization bill, provisionally entitled: "Securing American Jobs Through Exports Act of 2011.
The initiative follows an Ex-Im Bank study of the 14 banks, assessing the impact of the recent Nigerian bank consolidation on financing opportunities in the Nigerian market.
Despite Leawood's relatively small size, Duncan says it is the 51st-largest user of Ex-Im bank guarantees and the 12th-largest user of Ex-Im Bank export insurance.
According to the allegations in the indictment, from in or around July 2005 through July 2010, Grinhaus conspired with Pascual and others to obtain an Ex-Im Bank guaranteed loan for exporting U.
We are pleased to announce this initiative which will allow Illinois companies, big and small, to use the tools Ex-Im Bank offers to expand their international sales and minimize their financial risks," said Richard Paullin, chief operating officer of the Illinois Global Partnership.
Pascual was arrested based on an indictment and arrest warrant obtained by Special Agents from the Ex-Im Bank OIG charging him with violations of 18 U.
Ex-Im Bank worked with more than 3,400 small businesses (89 percent of all transactions) making it the highest number of small business deals in the Bank's history.
Under its standing Delegated Authority arrangement with Ex-Im Bank, JPMorgan Chase continues to make the credit decision and issue Ex-Im Bank guarantees for loans up to $10 million.
Michael's deep experience in both the private and public sector will allow Ex-Im Bank to better serve U.
Ex-Im Bank is guaranteeing a 12-year loan from the Private Export Funding Corp.
OTCBB:ARCS) today announced the closing of the Ex-Im Bank guaranteed portion of financing totaling approximately $48 million for the previously announced turnkey telecommunications project in Kazakhstan of its wholly owned subsidiary, Winncom Technologies Corp.