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ExIm Bank

   Also found in: Encyclopedia 0.01 sec.
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.


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This agreement is the second to be signed between the Syrian government and Indian Exim Bank, where an agreement was signed in 2008 with value estimated at USD 25 million on rehabilitation of Hama Iron Factory.
KUALA LUMPUR, July 13 Kyodo In what is touted as China's biggest investment overseas, the Exim Bank of China inked a deal on Friday to give an $800 million, low-interest loan to build a 23-kilometer bridge between Malaysia's northern island of Penang and the mainland.
Guyana will receive a US$32 million loan from the Exim Bank of China under an agreement between the Chinese and Guyana governments to modernize its Skeldon factory and build a new production complex in Berbice in eastern part of the nation.
 
 
 
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