ANNOUNCEMENT 26 Jan 2015

In January 2015, the U.S. Exim bank provided trade finance to General Electric Transportation Parts, Llc.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award profile. Summary.
https://www.usaspending.gov/award/ASST_NON_07087413XX0001_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/
with deal.number = AP087413XX
unique_identifier = 07087413XX0001

Export-Import Bank of the United States (EXIM), Financing Solutions, Direct Loan. Available at: https://www.exim.gov/what-we-do/direct-loan

Inception date: 26 Jan 2015 | Removal date: open ended

Trade finance

On 26 January 2015, the Export-Import Bank of the United States (EXIM) approved funding to support exports from General Electric Transportation Parts, Llc. The bank approved a USD 11.79 million loan to Pt Kereta Api Indonesia (Persero) located in Indonesia. The loan will support the purchase of products or services classified by the bank under the category 'Railroad Rolling Stock Manufacturing' from the US company.

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. EXIM provides direct loans, loan guarantees, export credit insurance, and guarantees of working capital loans to help businesses compete in foreign markets.

AFFECTED SECTORS