Claims Procedures of Export-Import Bank of the United States

ID-80-35: Published: Mar 28, 1980. Publicly Released: Mar 28, 1980.

Additional Materials:

Contact:

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

Pursuant to a congressional request, an investigation was made into allegations of irregularities and conflicts of interest involving claim payments at the Export-Import Bank. The investigation was made as part of the GAO audit of the Bank's financial statements for fiscal year 1979 and included an analysis of the Bank's procedures for reviewing and processing filed claims and a test of selected claims to assure that the procedures were followed.

Since the Bank's inception, claimants have filed $182.2 million in claims. As of January 31, 1980, the Bank approved payment for $119.6 million in filed claims. Of the remaining $65.6 million, $32.1 million was still being processed or had been discontinued pending the outcome of other efforts by the claimants to obtain payment from the obligators, $31.1 million was withdrawn by the claimants, and $2.4 million was denied by the Bank. The review disclosed no indications of irregularities or conflicts of interest.

Feb 8, 2021

Jan 28, 2021

Jan 27, 2021

Dec 9, 2020

Dec 2, 2020

Nov 19, 2020

Nov 9, 2020

Oct 27, 2020

Oct 2, 2020

Looking for more? Browse all our products here