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Article: Ex-Im Bank Signs Agreement to Support Trade Bank of Iraq; Program Will Cover U.S. Exports to Assist Iraqi Reconstruction.
- Article from:
- PR Newswire
- Article date:
- December 5, 2003
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ROME, Dec. 5 /PRNewswire/ -- The Export-Import Bank of the United States (Ex-Im Bank) joined export credit agencies (ECAs) from 16 other nations today in signing framework agreements with the Trade Bank of Iraq (Trade Bank) and the Coalition Provisional Authority (CPA), providing for a total of over $2 billion in support for the Trade Bank to help facilitate Iraqi reconstruction.
Ex-Im Bank's Board of Directors last week approved a $500 million short- term insurance facility to support the export of U.S. goods and services to Iraq financed by the Trade Bank. This facility becomes effective with today's signing ceremony.
"Ex-Im Bank is committed to ...