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 ?
This loan is the Export-Import Bank of China's first guarantee for an African financial institutional borrower, with Standard Chartered Bank acting as sole coordinating bank and documentation agent on the facilities, as well as sole bookrunner on the syndicated facility.
9 July 2012 - Export-Import Bank of Korea, or Kexim, will likely provide a credit facility worth up to USD300m (EUR244m) to Abu Dhabi-based Emirates Aluminium Company Ltd, Bloomberg reported today, citing two sources close to the talks.
Patty Murray called for Congress to reauthorize the Export-Import Bank during a tour of Esterline's Everett facility April 10, where more than 600 workers manufacture cockpit hardware for Boeing Co.
Nigeria-based Access Bank says that it has extended its portfolio and strategic relationships with major DFIs through being granted a $30m trade finance facility by the Export-Import Bank of China (China EximBank).
Global Banking News-February 23, 2011--Korea Export-Import Bank plans bond issuance(C)2011 ENPublishing - http://www.
Summary: Grenada is seeking debt relief from Libya and assistance to repay a number of loans to the Export-Import Bank of the Republic of China in Taiwan, Finance Minister Nizam Burke has announced.
At least three larger banks, namely Bank of China, China Construction Bank and Export-Import Bank of China, have agreed to extend loans to Zhejiang Geely Holding Group Co Ltd, the parent company of Geely Automobile, the unnamed banking sources said.
BluePhoenix Solutions (NASDAQ: BPHX), a leader in value-driven IT legacy modernization solutions, has announced that it has completed a major IT modernization project for Export-Import Bank of the United States ("Ex-Im Bank").
The Export-Import Bank of the United States is an independent executive agency and a wholly-owned U.
Emirates has secured $261 million in Export-Import Bank financing for two Boeing 777 airliners.
The report also charges that the Export-Import Bank has been favoring corporate America over small businesses.