ANNOUNCEMENT 09 Jun 2011

In June 2011, the U.S. Exim bank provided trade finance to Boeing Company.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award profile. Summary.
https://www.usaspending.gov/award/ASST_NON_08083332XX0005_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 = 08083332XX0005
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: 09 Jun 2011 | Removal date: open ended

Trade finance

On 9 June 2011, the Export-Import Bank of the United States (EXIM) supported exports from Boeing Company. Specifically, the bank guaranteed a USD 195.1 million loan to Gol Linhas Aereas S.A located in Brazil. The guarantee will support the purchase of products or services classified by the bank under the category 'Large Commercial Jet Aircraft'.

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