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Article: Ex-Im Bank Authorizes $600 Million in Medium-Term Financing to Support U.S. Exports to Mexico in First Three Quarters of FY 2004.
- Article from:
- PR Newswire
- Article date:
- August 10, 2004
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WASHINGTON, Aug. 10 /PRNewswire/ -- In the first three quarters of fiscal year (FY) 2004 ending June 30, 2004, the Export-Import Bank of the United States (Ex-Im Bank) authorized $600 million in medium-term insurance and loan guarantees to assist in financing a wide range of U.S. exports to Mexico, the largest single country market for Ex-Im Bank-supported U.S. exports. Ex-Im Bank's medium-term financing typically supports transactions on repayment terms of one year to five years. Ex-Im Bank's loan guarantee and insurance cover the risks of buyer default for commercial and political reasons.
"Use of Ex-Im Bank's medium-term financial products is growing, ...