ANNOUNCEMENT 06 Sep 2012

In September 2012, the Export-Import Bank (EXIM) approved a trade finance operation to support local companies.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award profile. Summary.
https://www.usaspending.gov/award/ASST_NON_07084728XX0007_8300

Export-Import Bank of the United States (EXIM), Financing Solutions, Export Credit Insurance. Available at: https://www.exim.gov/what-we-do/export-credit-insurance

Inception date: 06 Sep 2012 | Removal date: open ended

Trade finance

On 6 September 2012, the Export-Import Bank of the United States (EXIM) granted trade finance support to WESTINGHOUSE ELECTRIC COMPANY LLC. The objective of the transaction was to support local companies and had a total value of USD 322.98 million.

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'.

Notably, the bank is a fully government-owned corporation and acts as an independent executive agency.

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

 

AFFECTED PRODUCTS