ANNOUNCEMENT 29 Sep 2020

In September 2020, the U.S. Exim bank provided trade finance to Baker Hughes Oilfield Operations, Inc..

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award profile. Summary.
https://www.usaspending.gov/award/ASST_NON_08089365XXZZ01_8300

EXIM Bank of the United States. Data. Authorizations From 10/01/2006 Thru 12/31/2020.
https://data.exim.gov/dataset/Authorizations-From-10-01-2006-Thru-12-31-2020/vbhv-d8am/
deal.number = 08089365XXZZ01
unique_identifier =

Export-Import Bank of the United States (EXIM), Export Finance Solutions for U.S. Businesses. Available at: https://www.exim.gov/sites/default/files/managed-documents/MKG-EOV-6_agency_brochure_04DEC2020c.pdf

Inception date: 29 Sep 2020 | Removal date: open ended

Trade finance

On 29 September 2020, the Export-Import Bank of the United States (EXIM) supported exports from Baker Hughes Oilfield Operations, Inc. Specifically, the bank guaranteed a USD 335 million loan to Petroleos Mexicanos located in Mexico. The guarantee will support the purchase of products or services classified by the bank under the category 'Oil and Gas Field Machinery and Equipment Manufacturing'.

According to EXIM, its mission is to provide trade finance 'in cases where the private sector is unable or unwilling to provide financing or when such support is necessary to level the playing field due to financing provided by foreign governments to their exporters that compete with U.S. exporters'.

EXIM is the export credit agency of the United States that provides competitive financing to businesses to facilitate the export of U.S. goods and services to foreign buyers. The bank provides direct loans, loan guarantees, export credit insurance, and guarantees of working capital loans to help businesses compete in foreign markets.

AFFECTED SECTORS