|
Title: THE ROLE OF THE EXPORT-IMPORT BANK IN EXPORT FINANCING
Accession Number: 00486085
Record Type: Component
Availability: Find a library where document is available Abstract: The Export-Import Bank of the United States is a U.S. government agency. Eximbank has one mission -- to aid in financing and to facilitate U.S. exports. Founded in 1934, Eximbank does nothing with imports. However, it has contributed financing support for over $180 billion of U.S. exports, or about 5% of total U.S. exports. In dealing with the U.S. trade deficit, the U.S. has taken steps in multilateral forums, as well as in bilateral negotiations, to sustain open markets for U.S. exporters. Congress is concerned about the failure of other governments to comply with this international objective of open markets, and has sharpened U.S. tools for potential retaliatory actions should these prove necessary. Eximbank's strategy for operating effectively in this environment is to: 1) continue to assure financing for exports; 2) offer programs to bring new companies into exporting, particularly the smaller firms; 3) offer programs to bring banks back into the trade finance role on which U.S. exporters have relied in the past; 4) assure that Eximbank export credit programs are competitive with those offered by other governments; and 5) work with export credit agencies of other countries and the IMF, IBRD, and other international development banks to assist the restoration of viable economic growth and debt service by LDCs with debt management problems.
Supplemental Notes: This paper appears in Transportation Research Circular No. 332, Ports, Waterways, Intermodal Terminals, and International Trade Transportation Issues: Proceedings of the 12th Annual Summer Conference, July 7-10, 1987, Norfolk, Virginia. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Sundstrom, H WPagination: p. 5-8
Publication Date: 1988-4
Serial: Media Type: Digital/other
TRT Terms: Old TRIS Terms: Subject Areas: Finance; Highways; Marine Transportation
Files: TRIS, TRB
Created Date: Aug 31 1989 12:00AM
More Articles from this Serial Issue:
|