EXIM

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Group.png EXIM  
(BankSourcewatch WebsiteRdf-icon.png
Export-Import Bank of the United States.svg
Abbreviation EXIM
Headquarters Lafayette Building, Washington, D.C.
Leaders • Export-Import Bank of the United States/President
• Export-Import Bank of the United States/Chairman
Staff 402
SubpageEXIM/Chairman
EXIM/President
A spooky bank

The Export–Import Bank of the United States (abbreviated as EXIM or the Bank) is the official export credit agency (ECA) of the United States federal government.[1][2] Operating as a wholly owned federal government corporation,[1] the Bank "assists in financing and facilitating U.S. exports of goods and services".[1] Under its charter, the Bank does not compete with private sector lenders, but rather provides financing for transactions that would otherwise not occur because commercial lenders are either unable or unwilling to accept the political or commercial risks inherent in the deal.

Malpractice allegations

Diane Katz, a Research Fellow in Regulatory Policy at The Heritage Foundation testified to the United States House of Representatives in 2014 that "the bank’s OIG and the U.S. Government Accountability Office have repeatedly documented transgressions in bank operations, including inadequate due diligence and insufficient risk management."[3]

Staff

William J. Casey (Later Director of Central Intelligence) was Chairman of the Export-Import Bank of the United States from 1974 to 1976. John Macomber was president from 1989 to 1992.

September 11, 2001

The Export-Import Bank of the US occupied floor 6 of World Trade Center 7 which was destroyed in the September 11 attacks.[4]

 

Related Quotation

PageQuoteAuthorDate
Silk Way Airlines“Last year, I wrote an article reporting that the Silk Way Airlines of Azerbaijan made 350 secret flights to transport hundreds of tons of weapons from Bulgaria to ISIS terrorists in Syria and other Middle Eastern countries between 2014 and 2017. We now have a new surprising revelation that Silk Way received $419.5 million of loans from the U.S. Export-Import Bank (EXIM) to buy three 747-8 cargo planes from Boeing to continue its sinister operations.”Harut Sassounian5 September 2018


References

  1. a b c Shayerah Ilias Akhtar, David H. Carpenter, Grant A. Driessen, and Julia Taylor (April 13, 2016). Export-Import Bank: Frequently Asked Questions (PDF). Congressional Research Service (Report). p. 72. Retrieved April 21, 2017.CS1 maint: Uses authors parameter (link)

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  2. "The Facts about EXIM". Export–Import Bank of the United States. Retrieved August 7, 2013.

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  3. http://www.heritage.org/research/testimony/2014/08/mismanagement-of-export-import-bank-invites-fraud
  4. Document:Collateral Damage 911