Export-import Bank

(redirected from Export Import Bank of the United States)
Also found in: Encyclopedia.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
They will be guaranteed by the Export Import Bank of the United States.
Summary: Masdar, Abu Dhabi's renewable-energy company, and the Export Import Bank of the United States (Ex-Im Bank) -- the official export credit agency of the United States -- signed a Memorandum of Understanding (MoU) on Wednesday in which they will explore opportunities to structure and deploy up to $2 billion worth of Ex-Im Bank's finance supporting US exports to Masdar's future projects.
The new agreements include four separate facilities totalling USD291.3m which provide debt financing for ten aircraft, signed with Private Export Funding Corporation, which benefits from the guarantee of the Export Import Bank of the United States, DBS Bank of Singapore and Chinatrust Commercial Bank of Taiwan, DVB Bank and Norddeutsche Landesbank Girozentrale.

Full browser ?