ANNOUNCEMENT 05 Oct 2011

In October 2011, the U.S. Exim bank provided trade finance to FLSmidth Inc..

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award profile. Summary.
https://www.usaspending.gov/award/ASST_NON_07084609XX0002_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 = AP084609XX
unique_identifier = 07084609XX0002

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: 05 Oct 2011 | Removal date: open ended

Trade finance

On 5 October 2011, the Export-Import Bank of the United States (EXIM) approved funding to support exports from FLSmidth Inc. The bank approved a USD 104.06 million loan to Korea Resources Corporation located in Republic of Korea. The loan will support the purchase of products or services classified by the bank under the category 'Mining Machinery and Equipment 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