The U.S. Export-Import Bank:

No Evidence of Financing Restricted Chemical Exports to Iraq

NSIAD-91-284: Published: Sep 30, 1991. Publicly Released: Sep 30, 1991.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO reviewed U.S. Export-Import Bank (Eximbank) transactions involving chemicals exported to Iraq from January 1987 to August 1990, focusing on: (1) whether there was evidence that Eximbank financed the export of dual-use chemicals to Iraq; and (2) the Eximbank role in monitoring and controlling exports.

GAO found: (1) according to an Eximbank Engineering Division evaluation of the 8 pesticides exported to Iraq and a GAO review based on the Department of Commerce's restricted export list of 50 dual-use chemicals it was unlikely that the pesticides could have been used to produce chemical weapons, and therefore no evidence indicated that Eximbank financed the export of dual-use chemical weapons to Iraq; (2) since Eximbank has no official role in controlling or monitoring exports, it has no written policy for monitoring or controlling exports; and (3) Eximbank has recently developed specific procedures to review applications for financing chemical exports.

Nov 18, 2014

Nov 13, 2014

Oct 21, 2014

Sep 24, 2014

Sep 10, 2014

Sep 9, 2014

Aug 28, 2014

Jul 24, 2014

Looking for more? Browse all our products here