ANNOUNCEMENT 29 Aug 2014

In August 2014, 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_08088835XX0001_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 = 08088835XX0001
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 Aug 2014 | Removal date: open ended

Trade finance

On 29 August 2014, the Export-Import Bank of the United States (EXIM) supported exports from Boeing Company. Specifically, the bank guaranteed a USD 139.63 million loan to Virgin Australia International Airlines located in Australia. The guarantee will support the purchase of products or services classified by the bank under the category 'Aircraft 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