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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
While the Export-Import Bank is a national program, both Idaho Gov.
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.
Even though new applications for credit were not accepted after the June 30 expiration, the Export-Import bank wasAaAaAeAeAaAeAeA funded through S 30.
Steve Stivers, R-Ohio, who was on the fence on the Export-Import Bank issue, told The Wall Street Journal that defying the party's right-wing element has its risks, but it also "has rewards in that it's a way to get it done and do the will of Congress." Hopefully, it won't be the last example.
The Export-Import Bank, which helps to finance sales of US exports to
Marco Rubio, a candidate for president, warned Tuesday that the Export-Import Bank threatens to "rear its head once again" when Congress returns from recess next week, and said opponents must "remain vigilant."
The agreement was signed by Chairman and President of the Export-Import Bank of China, Mr.
The Export-Import Bank of China (China Exim Bank) was established in 1994 and is chartered to implement the state policies in industry, foreign trade, diplomacy, economy, and provide policy financial support so as to promote the export of Chinese products and services.
The MoU was signed by Patricia Loui, board director for the Export-Import Bank of the United States, and Raul B Aguilos, undersecretary for the Department of Energy of the Republic of the Philippines.
Auto Business News-March 21, 2014--Zhejiang Geely to receive CNY20bn loans from Export-Import Bank of China
21 (Saba) - Planning and International Cooperation Ministry and the Export-Import Bank of China discussed here on Tuesday a number of issues relating to the assessment of electricity projects submitted to the Chinese government for funding in Yemen.
According to the New York Post China's Export-Import Bank filed a lawsuit in a New York federal court to recover outstanding monies owed to it reports Caribbean360.com (March 7, 2013).