U.S. Export – Import Bank Scheduled for Upgrading
In a time when export trade issues are becoming such vital components of every country’s economy, the activities of one of the most prominent actors on the “trade stage,” the Export-Import Bank of the United States (Ex-Im Bank), need to be addressed. This little known entity often plays a decisive role in fostering international trade and finance. The Ex-Im Bank works primarily to turn potential business opportunities into tangible export sales for both small and large American companies, while also helping to fund export transactions.
The Bank provides three main categories of financial aid: guarantees, loans, and insurance. Some corporations need to be covered by insurance to boost U.S. investments in developing countries, aid emerging economies, and cover political and commercial risks.
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This analysis was prepared by COHA Research Associate Roberta Verardi.
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