Exim bank


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Exim bank

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 ?
ISLAMABAD -- Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting here on Thursday to finalize the modalities for launching the EXIM Bank of Pakistan.
EXIM Bank), sent to EXIM Bank customers and stakeholders today to announce the Bank's reauthorization.
Exim Bank has announced a plan to launch services in Africa.
TEHRAN (FNA)- The Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) and South Korea's Exim Bank signed a five-billion dollar memorandum on funding health projects in Iran.
This was agreed in a meeting between the Vice President of Global Business Development, EXIM Bank, USA Mr.
Exim Bank of China is expected to send a draft loan agreement for $298 million to finance construction of Phase II of the North-South alternative road in the first half of March this year, Minister of Transport and Communications told Tazabek.
Fortress Investments says that Dubai's move to study setting up an Islamic Exim Bank would go a long way in increasing the flow of investment into the UAE.
It is very important to establish cooperation with the Chinese Exim Bank not only in terms of joint project funding, but also to draw on their extensive experience and practice," Hristov said.
In addition, ITC and Exim Bank will cooperate on Supporting India's Trade Preferences for Africa's Poor (SITA), a six-year project aimed at promoting exports from five East African countries--Ethiopia, Kenya, Rwanda, Uganda, and the United Republic of Tanzania.
IDB provides similar support to an Exim bank for its member countries, according to Kanji.
Dubai: As part of Dubai's focus on establishing itself as a key hub for international trade, the Department of Economic Development (DED), Government of Dubai, has commissioned a project to assess the feasibility to establishment an Exim Bank.