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New financing support from the Washington, DC-based Export-Import Bank, including a willingness to work with other financial agencies to leverage resources, is giving a boost to U.S. exporters.
The Ex-Im Bank uses grants, loan guarantees, direct loans and export credit insurance to bankroll exports. "Our working capital guarantees support pre-export activities of smaller companies or companies just beginning to export," explains bank spokesperson, Marianna Ohe.
A recent joint financing project of Ex-Im Bank and Overseas Private Investment Corp, (OPIC) helped two U.S. companies win a contract for the construction and operation of a $218-million power plant in the …