U.S. Export-Import Bank's Financing of Dual-Use Exports
NSIAD-99-241R: Published: Sep 1, 1999. Publicly Released: Sep 1, 1999.
Pursuant to a legislative requirement, GAO provided information on the Export-Import Bank's (Eximbank) financing of dual-use exports, focusing on the extent of financing and end uses of dual-use exports approved during fiscal year (FY) 1997.
GAO noted that: (1) in FY 1997, the Eximbank financed one dual-use export to Brazil and six dual-use exports to Venezuela, using less than 7 percent of its financing authority to support dual-use exports; (2) according to Eximbank officials and documents, items provided by five of the six exports have been delivered to Venezuela and are being used for primarily civilian purposes; (3) the items supported by the export to Brazil and one of the exports to Venezuela have not yet been delivered; (4) during FY 1998, the Eximbank financed one dual-use export to Venezuela and one such export to Indonesia; (5) the items provided by these exports are in use, according to the Eximbank; (6) in FY 1999 to date, the Eximbank has financed one dual-use export to Brazil and two such exports to Croatia; and (7) according to the Eximbank, none of the items supported by these three dual-use exports is in use yet.