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 ?
US Export import bank provides financial assistance to support US exports.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced from India.
The Export Import Bank of India (Exim Bank) has announced that it will help research activities in the pharmaceutical sector by managing a INR20bn fund that has been constituted for that purpose by the Indian government.
30 April 2010 - Export Import Bank of India will sell three-year bonds worth INR6bn (USD135m/EUR102m) on 6 May, Reuters said today quoting two sources close to the deal.

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