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The Export-Import Bank (EXIM) of the United States provides financing to support U.S. jobs and companies selling U.S. goods and services abroad.
EXIM requires companies applying for certain financing to self-certify that they do not have delinquent federal debt.
The Export-Import Bank helps finance U.S. companies' exports when private lenders are unable or unwilling to do so. The Bank is backed by the U.S. government—so taxpayers could be responsible for financial losses.
The Export-Import Bank helps finance U.S. companies' exports. According to its policy, the Bank generally cannot finance defense goods and services unless they are nonlethal and primarily used for civilian rather than military purposes (i.e., dual use).
The Export-Import Bank of the United States helps U.S. companies that want to sell to foreign buyers but can’t get private financing. According to the Bank, its programs support tens of thousands of U.S. jobs annually. However, the Bank is backed by the U.S.
What GAO Found 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.
What GAO Found 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.
What GAO Found 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.
What GAO Found 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).