Export-Import Bank of the United States (Ex-Im Bank) | Export Credit Agency (ECA) in USA

Export Credit Agency (ECA) in USA

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Export-Import Bank of the United States |
Export Credit Agency (ECA) in USA
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About Export-Import Bank of the United States

The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent Executive Branch agency with a mission of supporting American jobs by facilitating the export of U.S. goods and services.

When private sector lenders are unable or unwilling to provide financing, EXIM fills in the gap for American businesses by equipping them with the financing tools necessary to compete for global sales. In doing so, the Bank levels the playing field for U.S. goods and services going up against foreign competition in overseas markets, so that American companies can create more good-paying American jobs.

Because it is backed by the full faith and credit of the United States, EXIM assumes credit and country risks that the private sector is unable or unwilling to accept. The Bank’s charter requires that all transactions it authorizes demonstrate a reasonable assurance of repayment; the Bank consistently maintains a low default rate, and closely monitors credit and other risks in its portfolio.

A summary of Export-Import Bank of the United States (Ex-Im Bank)

Export-Import Bank of the United States (Ex-Im Bank) – Benefits of using an ECA in USA

  • Protect against buyer non payment
  • Get financing
  • Borrow against export related expenses

What types of products and services does Export-Import Bank of the United States (Ex-Im Bank) offer in USA?

Ex-Im Bank also offers other products as part of our portfolio to assist in what tend to be larger projects in areas such as energy, infrastructure, and capital equipment.

  • Export Credit Insurance
  • Working capital
  • Loan Guarantee
  • Finance lease guarantee
  • Project and structured finance

History of Export-Import Bank of the United States (Ex-Im Bank)

Founded in 1934, the Export-Import Bank was organized by Franklin D. Roosevelt under the name Export-Import Bank of Washington. The stated goal was “to aid in financing and to facilitate exports and imports and the exchange of commodities between the United States and other Nations or the agencies or nationals thereof.” [i] The Bank’s first transaction was a $3.8 million loan to Cuba in 1935 for the purchase of U.S. silver ingots.[ii]

The Export-Import Bank became an independent agency in 1945. The Bank’s name was changed to “Export-Import Bank of the United States” in 1968. [iii]

Over the years, the Export-Import Bank helped finance several historic projects including the Pan-American Highway, the Burma Road, and post-WWII reconstruction. This timeline highlights the Bank’s history and several projects it has supported over the years:

Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished

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Soft Commodities / Grains – We’ll work with traders and producers to help them increase their trade flows in the jurisdictions they’re operating in

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Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals

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Are you an exporter based in USA?

See our TFG USA Export guide here .

Explore Export Credit Agencies around the world with our ECA finder

Key Stats

Name:

Export-Import Bank of the United States (Ex-Im Bank)

Country:

USA, America

CEO Information:

Reta Jo Lewis

Founded:

1934

Employees:

402

Government:

USA Government

Address:

Export-Import Bank 811 Vermont Avenue, NW Washington, DC 20571

About the Author

Deepesh Patel is Editorial Director at Trade Finance Global (TFG). In this role, Deepesh leads efforts in developing TFG’s brand, relationships and strategic direction in key markets, including the UK, US, Singapore, Dubai and Hong Kong.

Deepesh regularly chairs and speaks at international industry events with the WTO, BCR, Excred, TXF, The Economist and Reuters, as well as industry associations including ICC, FCI, ITFA and BAFT.

Deepesh is the host of the ‘Trade Finance Talks’ podcast and ‘Trade Finance Talks TV’. He is co-author of ‘Blockchain for Trade: A Reality Check’ with the ICC and the WTO, alongside other industry research.

In addition to his work at TFG, Deepesh is a Strategic Advisor for WOA, and works closely with ITFA. He also sits on the Fintech Working Group of the Standardised Trust.

Prior to TFG, Deepesh worked at Travelex where he was responsible for the cards business and the Travelex Money app in Europe, NAM, UK and Brazil. Deepesh is Chair of Governors and co-opted LA Governor of the Wyvern Federation, which has responsibility for 5 primary schools in South London.

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