Report to Congressional Committees: Export-Import Bank

Ex-Im, the official ECA of the United States, 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 overseas, thereby supporting U.S. jobs. Official ECAs are organizations that provide export credits with explicit government backing, where either the government or the government-owned ECA assumes all or a portion of the risk. Export credits are financing arrangements designed to mitigate risks to buyers and sellers associated with international transactions. Buyers and sellers in international transactions face unique risks, such as foreign exchange risk, difficulties in settling disputes when damages to shipments occur, or instability in the buyer's country.

Author: U. S. Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Publication Date: Jan 07, 2015

Number of Pages: 68 pages

Binding: Paperback or Softback

ISBN-10: 1503166651

ISBN-13: 9781503166653