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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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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References in periodicals archive ?
PEFCO's Aaa rating is underpinned by its close relationship with the Ex-Im Bank, consistent, though modest, profitability, very strong asset quality, and solid liquidity.
Among others, UAE-based carriers have also availed financing facilities through Ex-Im Bank. Although Emirates and Etihad Airways have both used Ex-Im Bank for loans on their 777 fleets, UAE carriers also explore other financing options.
Ex-Im Bank support is available for exports to over 155 countries (with certain exceptions), as reflected on the Country Limitation Schedule published by the bank.
An independent federal agency, Ex-Im Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S.
25 November 2014 -- Washington DC-based federal agency The Export-Import Bank of the United States (Ex-Im Bank) said it has joined forces with the World Trade Center New Orleans to assist local businesses to boost their export sales as part of Ex-Im Bank's City/State Program.
The Ex-Im Bank supports small businesses and large companies across New England as they look to export goods and services to foreign markets.
The Export Guarantee and Insurance Corporation (EGAP), the export credit agency of the Czech Republic, is cofinancing the transaction and re-insuring Ex-Im Bank for the purchase of other products.
The transaction will support an estimated 700 American jobs in the aircraft and aircraft-engine manufacturing industry, according to an Ex-Im Bank estimate derived from US Departments of Commerce and Labor data and methodology.
Sultan Ahmed Al Jaber and Ex-Im Bank Chairman and President Fred P.
The Export-Import Bank of the United States (Ex-Im Bank) is lending $9 million to an Indian solar energy company for procurement of California-produced solar panels.
Specifically, the law renews the charter of Ex-Im Bank for three years and increases the Bank's lending cap to $140 billion from the current $100 billion.
The Export-Import Bank of the United States (Ex-Im Bank) on Friday announced that The Boeing Company (NYSE:BA) is participating in it's Supply-Chain Finance Guarantee programme.