Export-Import Bank: Additional Analysis and Information Could Better Inform Congress on Exposure, Risk, and Resources (Paperback) (ISBN-13: 9781503170650)

Ex-Im is an independent agency operating under the Export-Import Bank Act of 1945, as amended. Its mission is to support the export of U.S. goods and services, thereby supporting U.S. jobs. Ex-Im's charter states that it should not compete with the private sector. Rather, Ex-Im's role is to assume the credit and country risks that the private sector is unable or unwilling to accept, while still maintaining a reasonable assurance of repayment. As a result, when private-sector lenders reduced the availability of their financing after the 2007-2009 financial crisis, demand for Ex-Im products correspondingly increased.

Author: Government Accountability Office
ISBN-10: 1503170659
ISBN-13: 9781503170650
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 12/31/2014
Pages: 56
Format: Paperback
Weight: 0.34lbs
Size: 11.02h x 8.50w x 0.12d