Export-lmport Bank of the United States

Export-lmport Bank of the United States (Eximbank) in relation with International Trade

In the context of trade organizations, Christopher Mark (1993) provided the following definition of Export-lmport Bank of the United States (Eximbank): A public corporation created by executive order of the President in 1934 and given a statutory basis in 1945. Eximbank makes guarantees and insures loans to help finance US exports, particularly for equipment to be used in capital improvement projects. Eximbank also provides short- term insurance against both commercial and political risk, either directly or in conjunction with US commercial banks.