The U.S. Export-Import Bank's Financing of Dual-Use Exports
NSIAD-00-231R: Published: Sep 1, 2000. Publicly Released: Sep 1, 2000.
Pursuant to a congressional request, GAO provided information on the Export-Import Bank's financing of dual-use exports during fiscal years 1998-2000.
GAO noted that: (1) the fiscal year (FY) 1998, the Export-Import Bank financed one dual-use export to Indonesia and one dual-use export to Venezuela, using $9.4 million or less than 1 percent of its financing authority to support dual -use exports; (2) according to Bank officials and documentation, the items have been delivered and are being used primarily for civilian purposes; (3) during FY 1999, the Bank committed to finance one dual-use export to Brazil and two such exports to Croatia, using $153.2 million or less than 10 percent of its financing authority to finance dual-use exports; (4) the items provided by these exports are not in use, according to the Bank; (5) in FY 2000 to date, the Bank has authorized the financing of five dual-use exports to Venezuela, using $31.3 million or 2 percent of its authority to support dual-use exports; and (6) according to the Bank, none of the items supported by these five dual-use exports is in use yet.