Export-Import Bank of the United States (1 - 10 of 169 items) in Custom Date Range
Financial Audit: Fiscal Years 2016 and 2015 Consolidated Financial Statements of the U.S. Government
GAO-17-283R: Published: Jan 12, 2017. Publicly Released: Jan 12, 2017.
To operate as effectively and efficiently as possible, Congress, the administration, and federal managers must have ready access to reliable and complete financial and performance information—both for individual federal entities and for the federal government as a whole. GAO’s report on the U.S. government’s consolidated financial statements for fiscal years 2016 and 2015 underscores that mu...
Foreign Assistance: Actions Needed to Improve Transparency and Quality of Data on ForeignAssistance.gov
GAO-16-768: Published: Aug 24, 2016. Publicly Released: Sep 7, 2016.
Since 2013, the Department of State (State) has collected and published quarterly data on ForeignAssistance.gov from 10 agencies that provide the majority of U.S. foreign assistance and more recently has initiated a process to prepare the12 remaining agencies to collect and report data. The 2012 Office of Management and Budget (OMB) Bulletin No. 12-01 outlined requirements for collecting and publi...
Export-Import Bank: Status of Dual-Use Exports as of August 2016
GAO-16-844R: Published: Aug 31, 2016. Publicly Released: Aug 31, 2016.
The Export-Import Bank of the United States (Ex-Im) received five of six reports required by Ex-Im credit agreements on time for the three dual-use exports—goods that could be used for either defense or civilian purposes, such as satellites or construction equipment—it continued to finance in fiscal year 2014, and mostly followed its own guidance when the sixth report was not submitted on time...
Export-Import Bank: Dual-Use Export Monitoring Guidance Revised and Implemented
GAO-15-611: Published: Jun 25, 2015. Publicly Released: Jun 25, 2015.
The Export-Import Bank of the United States (Ex-Im) addressed weaknesses in monitoring the end use of exported “dual-use” items by revising and implementing its guidance for monitoring these items, as GAO recommended in August 2014. Dual-use items are defense articles and services that Ex-Im has determined are nonlethal and primarily meant for civilian use. Specifically, Ex-Im revised its 1997...
Export-Import Bank: Status of Actions to Address GAO Recommendations since the Bank's 2012 Reauthorization
GAO-15-557T: Published: Apr 15, 2015. Publicly Released: Apr 15, 2015.
In six reports on the U.S. Export-Import Bank (Ex-Im) issued since March 2013, GAO presented findings and made 16 recommendations to improve Ex-Im's operations, summarized in this testimony in three broad areas: (1) risk management, (2) underwriting and fraud prevention, and (3) forecasting its exposure and reporting on its estimates of its impact on U.S. jobs.Six of GAO's recommendations focus on...
Export-Import Bank: Enhancements Needed in Loan Guarantee Underwriting Procedures and for Documenting Fraud Processes
GAO-14-574: Published: Sep 9, 2014. Publicly Released: Sep 9, 2014.
The Export-Import Bank's (Ex-Im) Loan, Guarantee, and Insurance Manual (Manual) describes Ex-Im's underwriting procedures and generally provides loan officers with a framework to implement its underwriting process requirements for loan guarantee transactions. GAO's review of a statistical sample of loan guarantees indicated that Ex-Im implemented many key aspects of the underwriting process as r...
Export-Import Bank: Monitoring of Dual-Use Exports Should Be Improved
GAO-14-719: Published: Aug 28, 2014. Publicly Released: Aug 28, 2014.
The Export-Import Bank of the United States (Ex-Im) has policies for monitoring the end use of defense articles and services it finances, including documentation requirements that are reflected in its financing agreements with borrowers. However, these policies do not specify what actions Ex-Im officials should take if the bank does not receive the required dual-use-related documents. The requirem...
Foreign Assistance: Briefing on U.S. International Water-Related Assistance
GAO-14-683R: Published: Jul 24, 2014. Publicly Released: Jul 24, 2014.
In summary, GAO found the following regarding U.S. agency funding, roles, staffing, and coordination related to international water-related assistance:Funding. U.S. agencies reported providing billions of dollars in international water-related assistance in fiscal years 2009 through 2013. The U.S. Agency for International Development (USAID) and Millennium Challenge Corporation (MCC) reported prov...
Export-Import Bank: Information on Export Credit Agency Financing Support for Wide-Body Jets
GAO-14-642R: Published: Jul 8, 2014. Publicly Released: Jul 9, 2014.
Since 2004, the U.S. Export-Import Bank’s (Ex-Im) financing support for Boeing wide-body jet exports has generally increased, and, in fiscal years 2008 through 2012, Ex-Im’s total authorizations increased significantly in the wake of the 2007 to 2009 financial crisis. (Authorizations are export financing transactions for which Ex-Im has granted credit approval.) The highest level of wide-body...
Export-Import Bank: Status of GAO Recommendations on Risk Management, Exposure Forecasting, and Workload Issues
GAO-14-708T: Published: Jun 25, 2014. Publicly Released: Jun 25, 2014.
The U.S. Export-Import Bank (Ex-Im) has addressed recommendations GAO made in two 2013 reports that related to processes for estimating losses, managing financial risks, and forecasting outstanding financial commitments (exposure). In these reports, GAO found weaknesses in the processes, including limitations in Ex-Im's data and models. Based on accounting standards for federal credit agencies, fe...