News Articles

View By: [Date] Category

May 18, 2012 Ex-Im Bank Signs Agreement with Bancóldex To Increase U.S.-Colombian Trade WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) and Bancóldex have signed a memorandum of understanding (MOU) to work together to facilitate trade between the United States and Colombia. Ex-Im Bank and Bancóldex have agreed to exchange information on trade and... Ex-Im Bank more...
May 17, 2012 USTDA Launches 'Making Global Local' Initiative Announces Nine Founding Partners ARLINGTON, VIRGINIA – In celebration of World Trade Day, the U.S. Trade and Development Agency launched Making Global Local, an initiative designed to connect towns and cities across the country with USTDA's export-promoting programs. "By building... USTDA more...
May 15, 2012 USTDA Supports Capacity Improvement for the Karachi-Lahore Railway KARACHI, PAKISTAN – Today, USTDA conferred a grant to Premier Mercantile Services (PMS), a private sector port and freight logistics operator in Pakistan, for expert assistance to facilitate the acquisition and operation of a fleet of locomotives on the existing Karachi-Lahore Railway. This... USTDA more...
May 14, 2012 Ex-Im Bank Approves $350 Million Loan Guarantee to Support Textron's Exports of Cessna Aircraft and Bell Helicopters GENEVA, SWITZERLAND: The Export-Import Bank of the United States (Ex-Im Bank) has approved a guarantee of a $350 million loan facility to provide the funds to assist Textron Inc. in financing the exports by two of its companies, Cessna Aircraft Company and Bell Helicopter Textron. The guaranteed... Ex-Im Bank more...
May 14, 2012 Ex-Im Bank to Leverage Industry Expertise to Expedite Export Financing for Business Aircraft and Helicopters GENEVA, SWITZERLAND: U.S. manufacturers of business aircraft and helicopters will benefit from a new process to assess credit risks and expedite foreign-buyer financing from the Export-Import Bank of the United States (Ex-Im Bank). Ex-Im Bank will work with qualified industry experts to perform... Ex-Im Bank more...
May 14, 2012 OPIC Commits $87.5 Million to First Fund-of-Funds, Supporting Impact Investment WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today signed a commitment letter pledging $87.5 million in financing for the first fund-of-funds in the agency’s portfolio, the latest step in OPIC’s support for the... OPIC more...
May 8, 2012 Ex-Im Bank Approves Nearly $3 Billion in Export Financing for U.S. Goods and Services to Australia Pacific LNG Project WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $2.95 billion direct loan to support U.S. exports to the Australia Pacific liquefied natural gas (LNG) project. The transaction is Ex-Im’s second-largest single-project financing in history and is also the... Ex-Im Bank more...
May 2, 2012 Ex-Im Bank, Development Bank of Mongolia Sign MOU to Facilitate Trade Partnership Between Countries Ex-Im Chairman conducting first business development mission to Mongolia Ulaanbaatar, Mongolia: The Export-Import Bank of the United States (Ex-Im Bank) and the Development Bank of Mongolia signed a memorandum of understanding (MOU) on May 1st to facilitate trade opportunities between the... Ex-Im Bank more...
Apr 27, 2012 Ex-Im Bank Renews $100 Million Africa Insurance Initiative Ex-Im Bank Renews $100 Million Africa Insurance Initiative Cover Policy Expansions Coming in Three African Countries Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) today announced a three-year renewal of the Bank's Short-Term Africa Initiative (STAI) that... Ex-Im Bank more...
Apr 26, 2012 USTDA Supports Programs to Strengthen Electricity Distribution in Jordan Opens Market for Increased Exports of Smart Grid Technology from United States AMMAN, JORDAN – USTDA awarded three grants to Jordanian electricity distribution companies today, to support feasibility studies for smart grid upgrades across the country. The studies will design smart metering... USTDA more...
Apr 24, 2012 USTDA Supports the Expansion of Colombia's River Port Infrastructure Helps to Build the Infrastructure for Increased Trade CARTAGENA, COLOMBIA – Today, USTDA awarded a grant to Terminal Fluvial Andalucía, S.A. (Andalucia River Terminal or "TFA") for a feasibility study to determine the technical and financial viability of a new inland river port along the... USTDA more...
Apr 20, 2012 Ex-Im Bank Approves $360 Million for Export Financing Benefiting Small Business Suppliers of Navistar Intl. Corp The Export-Import Bank of the United States (Ex-Im Bank) today announced that the board of directors has approved $360 million in supply chain financing to benefit suppliers – many of them small businesses – of Navistar International Corporation (Navistar). Navistar is a manufacturer and marketer... Ex-Im Bank more...
Apr 20, 2012 USTDA Continues Its Support of Azerbaijan's Civil Aviation Safety and Security Oversight WASHINGTON, D.C. – Strengthening civil aviation safety and security oversight in Azerbaijan is the goal of a grant awarded today to the State Civil Aviation Administration of the Republic of Azerbaijan (SCAA). The grant will provide a second phase of technical assistance to the SCAA that will... USTDA more...
Apr 13, 2012 Ex-Im Bank Approves $80 Million in Export Financing for Solar Project in India Ex-Im Bank Financing Supports U.S. Jobs in Eight States Washington, D.C. – Supporting U.S. jobs at companies in eight states, the board of directors of the Export-Import Bank of the United States (Ex-Im Bank) approved an $80.32 million direct loan for the purchase of concentrated solar... Ex-Im Bank more...
Apr 13, 2012 Export-Import Bank Annual Conference Highlights U.S. Export Growth, Need for Financing New Export Data Announced, President Clinton Calls for Ex-Im’s Reauthorization Washington, D.C. – The significance of U.S. export growth to America’s economy and the need for continued availability of export financing were key themes highlighted at the 37th annual conference of the... Ex-Im Bank more...
Apr 13, 2012 OPIC Selects Nice Inc. as Originator in Enterprise Development Network WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has selected NICE Inc., an international business development and investment consultancy firm focusing on Asia and the Pacific regions, to serve as an originator for a growing alliance with the private sector designed to... OPIC more...
Apr 12, 2012 Importance of U.S. Competitiveness is Center Stage at Export-Import Bank Annual Conference Chairman Hochberg responds to Bank critics Washington, D.C. – President Bill Clinton today gave the keynote address at the Export-Import Bank of the United States' (Ex-Im Bank) 37th annual conference, "Ex-Im –Your Competitive Edge." More than 1,200 people were in attendance, including... Ex-Im Bank more...
Apr 11, 2012 Hispasat Canarias S.L.U. Communications Satellite Transaction is Awarded Ex-Im Bank Deal of the Year Transaction supporting 262 American Jobs Washington, D.C. – Hispasat Canarias, S.L.U. of Spain, a well-known European satellite operator and leader in the distribution of content to Spanish and Portuguese-speaking markets, will receive the 2012 Deal of the Year award from the... Ex-Im Bank more...
Apr 10, 2012 Wells Fargo Awarded Ex-Im Bank Lender of the Year Wells Fargo Activity Totals $1.1 billion on Combined Basis in 2011 Washington, D.C. – Wells Fargo & Company (NYSE: WFC) will receive the Lender of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award will be presented at the Bank's 37th Annual... Ex-Im Bank more...
Apr 10, 2012 Northern Power Systems Is Named Ex-Im Bank Renewable-Energy Exporter of the Year Washington, D.C. – Northern Power Systems (NPS), a company that designs, manufactures and sells wind turbines to the global marketplace from its headquarters in Vermont, will receive the Renewable-Energy Exporter of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The... Ex-Im Bank more...
Apr 10, 2012 Export Finance Assistance Center of Washington Awarded Ex-Im Bank City-State Partner of the Year Washington, D.C. – The Export Finance Assistance Center of Washington (State) (EFACW) will receive the City-State Partner of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award will be presented at the Bank's 37th Annual Conference, “Ex-Im –Your Competitive... Ex-Im Bank more...
Apr 10, 2012 Black & Veatch Awarded Ex-Im Bank Sub-Saharan Africa Exporter of the Year Ex-Im financing is sustaining nearly 300 Black & Veatch jobs Washington, D.C. – Black & Veatch, a global engineering, consulting and construction company headquartered in Overland Park, Kansas, will receive the Sub-Saharan Africa Exporter of the Year award from the Export-Import... Ex-Im Bank more...
Apr 9, 2012 USTDA Launches U.S.-Brazil Aviation Partnership Public-Private Partnership will Connect Brazil and U.S. Aviation Sectors WASHINGTON, DC – Today, on the occasion of the visit of President Dilma Rousseff to the United States, the U.S. Trade and Development Agency (USTDA) joined with the U.S. Department of State, the Federal Aviation... USTDA more...
Apr 9, 2012 Trade Acceptance Group Awarded Ex-Im Bank Broker of the Year Minnesota Company Helps Small Business Exporters Washington, D.C. – Trade Acceptance Group, a trade finance company headquartered in Minneapolis with offices in Chicago, will receive the Broker of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award will be... Ex-Im Bank more...
Apr 9, 2012 Ceilings Plus Named Ex-Im Bank Small Business Exporter of the Year Growing Export Sales Helps California Company Add More Than 70 Jobs Washington, D.C. – Ceilings Plus, a California small business manufacturer and installer of high-quality aluminum and wood ceilings and wall panels, will receive the Small Business Exporter of the Year award from the... Ex-Im Bank more...
Apr 5, 2012 Ex-Im Bank Approves $84.8 Million for Brazilian Airline Maintenance Ex-Im financing supports highly-skilled Delta jobs in Atlanta Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) today announced that the board of directors has approved a Final Commitment for an $84.8 million loan guarantee to VRG Linhas Aereas S.A. (GOL), a... Ex-Im Bank more...
Mar 30, 2012 OPIC Board Approves $400 Million for SME Lending in Turkey, With Focus on Women Entrepreneurs WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $400 million in financing to support lending by one of Turkey’s leading banks to small and medium-sized enterprises (SMEs), a critical... OPIC more...
Mar 30, 2012 OPIC Board Approves $400 Million to Support Local Financial Institutions' Lending to SMEs, Renewable Energy & Mortgage Finance WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved a $400 million framework agreement which will enable Wells Fargo to provide U.S. dollar funding to financial institutions in emerging markets so that they can expand their lending to small and... OPIC more...
Mar 30, 2012 USTDA Supports Vessel Traffic Improvements at El Salvador's Port La Union ARLINGTON, VA – Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to El Salvador's Comisión Ejecutiva Portuaria Autónoma (CEPA), to support a technical assistance program for the development of vessel traffic improvements at the Port of La Unión. CEPA, the Salvadoran government... USTDA more...
Mar 30, 2012 USTDA Funds Feasibility Study for Water Sector Infrastructure Modernization in Brazil FORTALEZA, BRAZIL – Today, the U.S. Trade and Development Agency (USTDA) announced the signing of a $579,895 grant agreement with the Ceara Water and Sewage Treatment Company (Companhia de Água e Esgoto do Ceará – CAGECE) for a Tertiary Wastewater Treatment Plants and Automated Water and Sewage... USTDA more...
Mar 29, 2012 OPIC Board Approves $250 Million to Expand Renewable Energy & Infrastructure Lending in India Facility with IDFC Provides Much-needed Long-term Credit, Supports U.S.-India Partnership WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $250 million in financing to help... OPIC more...
Mar 29, 2012 OPIC Board Approves $150 Million in Insurance to Rehabilitate Ghanaian Water System Will Help Increase Access to Clean Water from 61 Percent to 85 Percent of Population by 2015 WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $150 million in political risk... OPIC more...
Mar 29, 2012 USTDA Grant Supports Aviation Infrastructure Improvements in Ghana ACCRA, GHANA – The U.S. Trade and Development Agency (USTDA) awarded a grant today to the Ghana Civil Aviation Authority (GCAA) to help create design documents for the construction of the Kotoka International Airport Air Traffic Control Center. The $322,560 grant was signed at the U.S.... USTDA more...
Mar 28, 2012 USTDA Provides Technical Assistance to Brazil to Enhance Aviation Infrastructure RIO DE JANEIRO, BRAZIL – To support planned improvements in air transportation, USTDA has awarded a $485,000 technical assistance grant to the Rio de Janeiro State Transport Secretariat (SETRANS). The technical assistance will update Rio de Janeiro's statewide airport plan and develop a funding... USTDA more...
Mar 27, 2012 USTDA Grant to Assist Romania with Aviation Surveillance Modernization Project BUCHAREST, ROMANIA – The U.S. Trade and Development Agency is awarding a $513,170 technical assistance grant to the Romanian Air Traffic Services Administration (ROMATSA) to evaluate and recommend upgrades to aviation surveillance technology throughout Romania. The technical assistance will... USTDA more...
Mar 26, 2012 USTDA Awards Two Clean Energy Grants on Trade Mission to India NEW DELHI, INDIA – The U.S. Trade and Development Agency (USTDA) today signed two grants to support U.S. business developments in India’s clean energy infrastructure development. Henry Steingass, Regional Director for USTDA, signed the agreements at a luncheon hosted by U.S. Commerce Secretary... USTDA more...
Mar 26, 2012 USTDA Grant Supports Recycling and Clean Energy in Ukraine KYIV, UKRAINE – The U.S. Trade and Development Agency (USTDA) is supporting increased recycling and clean energy development in Sumy, Ukraine, through a grant awarded yesterday to SVIT-M, a Ukrainian private municipal waste recycling company. U.S. Ambassador John Tefft signed the $350,000... USTDA more...
Mar 23, 2012 USTDA Supports Morocco's Renewable Energy Goals RABAT, MOROCCO – To support the development of a 1.5 megawatt solar photovoltaic (PV) rooftop pilot project in Mohammedia, Morocco, USTDA awarded $666,619 for a feasibility study to the Moroccan National Company for Transportation and Logistics (SNTL). The grant was signed during a Chamber of... USTDA more...
Mar 23, 2012 USTDA Study to Support Safety and Security at the Port of Casablanca CASABLANCA, MOROCCO – To ensure the safe operation of the largest port in Morocco, USTDA is funding a $571,458 feasibility study to develop recommendations for safety and security related upgrades to the Port of Casablanca. The grant for the study was awarded to Marsa Maroc, a prime port operator... USTDA more...
Mar 22, 2012 USTDA Reaffirms Commitment to Bilateral Cooperation in the Development of China's Aviation Sector BEIJING, CHINA – USTDA reaffirmed its support of the ongoing U.S.-China Aviation Cooperation Program (ACP) by committing to support the eighth phase of the successful partnership between USTDA, the Federal Aviation Administration (FAA), U.S. industry and the Civil Aviation Administration of China... USTDA more...
Mar 21, 2012 USTDA Supports Water Efficiency Service Improvement in Northern Brazil Brasilia, BRAZIL – Today, the U.S. Trade and Development Agency (USTDA) awarded a $485,173 grant to Aguas do Amazonas, S.A. (ADA) for a Water Efficiency Improvement Project feasibility study. The grant was signed at the U.S. Embassy in Brasilia, by the company’s CEO Vicente Ferreira Linhares... USTDA more...
Mar 12, 2012 Export-Import Bank Issues over 200 Express Insurance Policies in First Year Small Businesses across the Country Benefit from Streamlined Application for Short-Term Export Credit Insurance WASHINGTON, D.C. --- When Martin Weinberg, President of Xamax Industries of Seymour, Connecticut, was encouraged by his accounting firm to look to the Export-Import Bank of the... Ex-Im Bank more...
Mar 12, 2012 OPIC Selects Inter-Afrique Capital Ltd. as Originator in Enterprise Development Network WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has selected Inter-Afrique Capital Limited, a financial services and advisory company based in Ghana, to serve as an originator for a growing alliance with the private sector designed to support small and medium enterprises... OPIC more...
Mar 9, 2012 OPIC Selects KBK Enterprises as Originator in Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected KBK Enterprises to serve as an Originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs) expanding into emerging markets overseas. The alliance, the... OPIC more...
Feb 27, 2012 Ex-Im Bank Approves $83 Million in Export Financing for Sale of U.S. Locomotives and Mining Equipment to Canada Transaction Supports 500 American Jobs Across Six States WASHINGTON, D.C. --- The Export-Import Bank of the United States (Ex-Im Bank) approved an $83.1 million loan guarantee to support the sale of six American-made locomotive parts, railroad cars, and mining equipment to the Iron Ore... Ex-Im Bank more...
Feb 23, 2012 OPIC Selects Fronteira Global as Originator in Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected Fronteira Global, a specialized investment advisory firm focusing on South America, the Middle East, and Africa, to serve as an originator for a growing... OPIC more...
Feb 17, 2012 Ex-Im Bank Announces $740 Million Supply-Chain Program with The Boeing Company Everett, Wash. – The Export-Import Bank of the United States (Ex-Im Bank) announced today that The Boeing Company is participating in the Bank's Supply-Chain Finance Guarantee program, which provides competitively priced working capital financing to suppliers of goods or services to U.S.... Ex-Im Bank more...
Feb 17, 2012 Ex-Im Bank Establishes $100 Million Revolving Credit Facility for Small Business Exporters Ex-Im Bank Chairman Joins President Obama in Seattle for Announcement Seattle, Wash. – More small business exporters throughout the United States will have access to revolving credit, thanks to a new product unveiled today by the Export-Import Bank of the United States (Ex-Im Bank). Fred P.... Ex-Im Bank more...
Feb 6, 2012 Ex-Im Bank Chairman in Vietnam to Promote Closure of Nearly $1.5 Billion in Critical Infrastructure Projects Financing Supports the Purchase of American Goods and Services Ho Chi Minh City, Vietnam – Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), is leading a business-development mission in Vietnam February 5 – 8, 2012. Hochberg will meet with... Ex-Im Bank more...
Jan 27, 2012 OPIC and AGF Enter New Agreement to Expand Small Business Lending in Afghanistan WASHINGTON, D.C. – Small businesses in Afghanistan, a vital engine of economic growth in the country but one that has lacked access to credit, received a boost today when the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and Afghan Growth... OPIC more...
Jan 20, 2012 Ex-Im Bank OKs $6 Billion in Small Business Export Financing During First Year of Bank's Nationwide "Global Access" Outreach Initiative Washington, D.C. -- Ex-Im Bank is celebrating its successful first year of Global Access for Small Business (Global Access), the agency's small business outreach initiative. This ambitious public-private partnership to engage more companies in exporting was launched at the U.S. Chamber of... Ex-Im Bank more...
Jan 18, 2012 Submission of False Export Documents Lands Florida Resident in Jail The Office of Inspector General (OIG) for the Export-Import Bank of the United States (Ex-Im Bank) announced today that Miami resident, Mario Francisco Mimbella, was sentenced to six months in prison for his role in a scheme to defraud the Ex-Im Bank of $496,869. The sentencing supports ongoing... Ex-Im Bank more...
Jan 11, 2012 Ex-Im Bank Approves Export Financing for Power Generation Equipment Supporting 825 Jobs at Siemens North Carolina Plant $638 Million Sale Contributes to Obama Administration American Jobs Initiative WASHINGTON, D.C. --- The board of directors of the Export-Import Bank of the United States at its Thursday (Jan. 5) meeting approved a $638 million direct loan to finance the sale by Siemens Energy, Inc. of gas... Ex-Im Bank more...
Jan 11, 2012 OPIC Provides $50 Million to SigmaBleyzer Investment Fund for Southeast Europe Agency's First Private Equity Investment in Ukraine Since 2004 WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided $50 million in financing to SigmaBleyzer Southeast European Fund IV, a private equity... OPIC more...
Dec 22, 2011 USTDA Grant Supports Intelligent Transportation System (ITS) Infrastructure in Brazil SAO PAULO, BRAZIL – The U.S. Trade and Development Agency (USTDA) is contributing toward the modernization of Brazil's surface transportation infrastructure through a grant awarded by USTDA yesterday to EcoRodovias, a Brazilian private intermodal logistics and highway concessionaire company.... USTDA more...
Dec 16, 2011 New OPIC Political Risk Insurance Will Cover Investments by Private Equity Funds WASHINGTON, D.C. – Private equity fund investments in emerging markets, where investor prospects are growing far more rapidly than in developed markets, can now be protected by political risk insurance (PRI) arranged by the Overseas Private Investment Corporation (OPIC), the U.S. Government’s... OPIC more...
Dec 9, 2011 OPIC Board Approves $52.5 Million for Maghreb Investment Fund WASHINGTON, D.C. – Businesses in North Africa, where bank financing and private equity were scarce even prior to the Arab Spring, obtained a new source of financial support with the approval by the Board of Directors of the Overseas Private Investment Corporation (OPIC) of $52.5 million in... OPIC more...
Dec 5, 2011 Two New Projects Will Support Turkey's Clean Energy Goals USTDA Signs a Grant for Coal Bed Methane Development and Announces Smart Grid Reverse Trade Mission TURKEY – Today, USTDA announced two activities to support Turkey's efforts to develop new sources of clean and efficient energy. USTDA signed a grant with Hema Natural Energy Resources... USTDA more...
Dec 2, 2011 OPIC Loan Links Micro Borrowers to Clean Energy Products Through Carbon Markets DURBAN, South Africa – Low-income populations’ access to clean energy products such as clean stoves for cooking and heating, water purifiers and solar lighting will be made easier and more affordable through a $10 million loan from the Overseas Private Investment Corporation (OPIC) to a financial... OPIC more...
Dec 2, 2011 USTDA Supports Expansion Plans for Colombia's Largest Airport BOGOTÁ, COLOMBIA – Today, the Special Administrative Unit for Civil Aeronautics of Colombia (also known as Aerocivil) and U.S. engineering services firm T.Y. Lin (Coral Gables, FL) signed a contract to update the master plan for the development of El Dorado International Airport in Bogota. This... USTDA more...
Nov 30, 2011 USTDA Supports Gas Transmission and Distribution Pipeline Development in Nigeria LAGOS, NIGERIA – Improving the gas transmission and distribution infrastructure in Nigeria is the goal of a USTDA grant awarded today to Oando Gas & Power Limited. The grant will fund a feasibillty study for the Nigerian energy company to assess the viability of developing a natural gas... USTDA more...
Nov 23, 2011 USTDA Supports Launch of New Wastewater Treatment System for Cartagena CARTAGENA DE INDIAS, COLOMBIA – Today, USTDA awarded a grant to the Cartagena Water and Sewerage Company (known as ACUACAR) for technical assistance on the start-up of the new, comprehensive wastewater treatment system for the city of Cartagena. The grant was signed on behalf of USTDA by Senior... USTDA more...
Nov 18, 2011 USTDA and U.S. Industry Cooperate to Support Connectivity and Trade in ASEAN Region ARLINGTON, VA – President Obama and his counterparts from the Association of Southeast Asian Nations (ASEAN) announced the U.S.-ASEAN Connectivity Cooperation Initiative, to be implemented by the U.S. Trade and Development Agency (USTDA) in cooperation with the U.S.-ASEAN Business Council and its... USTDA more...
Nov 11, 2011 Ex-Im Bank Establishes Direct Access for Veteran-Owned Small Businesses Seeking Export Financing Washington, DC - The Export-Import Bank of the United States (Ex-Im Bank), today affirmed its strong commitment to veteran's outreach by announcing a direct line for business owners who are armed forces veterans. Former service members who are interested in exporting their products overseas may... Ex-Im Bank more...
Nov 9, 2011 OPIC Signs First Insurance Contract for REDD Carbon Reduction Project Parternship with Terra Global Capital, LLC will protect 64,318 hectares of forest in Cambodia, sequester 8.7 million metric tons of CO2 WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has executed the first political risk insurance contract for a Reduced Emissions from... OPIC more...
Nov 4, 2011 Ex-Im Bank Announces $103.2 Million in Export Financing for Solar Projects in India WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) approved $103.2 million in financing for two more solar transactions in India in the final months of fiscal year 2011. The approvals brought the total number of Indian solar projects that the Bank has financed in FY 2011... Ex-Im Bank more...
Nov 1, 2011 OPIC Board Approves $100 Million for Mortgage Project in Guatemala First Market-wide Mortgage Origination Platform in Country Will Make Homes More Affordable WASHINGTON, D.C. – Affordable home ownership in Guatemala received a boost following the approval of $100 million in financing by the Board of Directors of the Overseas Private Investment Corporation... OPIC more...
Nov 1, 2011 Ex-Im Bank Announces Supply Chain Finance Program with GE Capital Program will help support small - and medium-sized U.S. businesses Washington, DC -- The Export-Import Bank of the United States (Ex-Im Bank) today announced that GE Capital will participate in the Bank's Supply-Chain Finance Guarantee Program, which provides competitively priced working... Ex-Im Bank more...
Oct 27, 2011 In Historic Commitment to Impact Investing, OPIC Board Approves $285 Million for Six Funds Catalyzing $875 Million in Investments More Investments to Follow in 2012 WASHINGTON, D.C. – Impact investing, a fast-growing industry that is drawing a wide range of private investors with the promise of delivering social and environmental benefits to emerging markets while at the same time generating profits, was given an... OPIC more...
Oct 27, 2011 U.S. Grant Supports Air Traffic Efficiency in South Africa PRETORIA, SOUTH AFRICA – The U.S. Trade and Development Agency (USTDA) awarded a grant today to the Air Traffic and Navigation Services Company Limited of South Africa (ATNS), South Africa's state-owned air traffic control and navigation services company. The $758,000 grant will fund a... USTDA more...
Oct 19, 2011 U.S. Ex-Im Bank, Nigerian Ministry of Power Sign Agreement for up to $1.5 Billion to Increase Power Output in Nigeria Ex-Im Financing Will Help Create, Maintain Jobs in Both U.S. and Nigeria ABUJA, NIGERIA --- The Export-Import Bank of the United States (Ex-Im Bank) and the Nigerian Ministry of Power (MOP) today (Oct. 19) signed a Memorandum of Understanding (MOU) aimed at securing up to $1.5 billion of... Ex-Im Bank more...
Oct 13, 2011 OPIC to Provide $16 Million Loan for Wind Power Plant in the Caribbean 5.4 MW Wind Project on St. Kitts First of Kind Deal for Agency WASHINGTON, D.C. –The Overseas Private Investment Corporation, the U. S. Government’s development finance institution, has approved a $16 million loan for the construction of a wind power plant on St. Kitts, which will provide a... OPIC more...
Oct 12, 2011 OPIC Board Approves $250 Million to Develop 51 Solar Projects in Thailand WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $250 million in financing to develop 51 solar power plants in Thailand. This first-of-its-kind project will accelerate the growth of... OPIC more...
Oct 5, 2011 Ex-Im Bank Approves First Financing of U.S. Exports to Tajikistan $80 Million Loan Guarantee Supports Boeing Aircraft Sales to Somon Air WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) is supporting its first transaction in the Central Asian nation of Tajikistan: the purchase of Boeing Next-Generation 737-900ER aircraft by Somon... Ex-Im Bank more...
Sep 30, 2011 American Entertainment Firms Expand Exports into Latin American Markets WASHINGTON –Today, Under Secretary for International Trade Francisco Sánchez signed an Export Trade Certificate of Review for the Latin American Multichannel Advertising Council (LAMAC), which will set the framework for an export joint venture of seven American entertainment firms that will... ITA more...
Sep 29, 2011 SBA Signs Memorandum of Understanding with International Trade Administration and Republic of Turkey WASHINGTON – Marie Johns, Deputy Administrator of the U.S. Small Business Administration, today signed a tri-partite Memorandum of Understanding with the Department of Commerce’s International Trade Administration (ITA) and the Republic of Turkey’s Small and Medium Enterprises Development... Small Business Administration more...
Sep 28, 2011 OPIC Board Approves $150 Million for Solar Solution for Telecom Towers in India Project Will Reduce CO2 Emissions, Create Jobs in U.S. and India WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $150 million in financing to expand the use of solar energy to power telecommunication towers in India, a project that... OPIC more...
Sep 27, 2011 SBA Grants $30 Million to States for Trade, Export Promotion STEP Initiative Will Help Small Businesses Export WASHINGTON -- The U.S. Small Business Administration is providing $30 million in grants to states, territories, and the District of Columbia, to help increase exporting by small businesses during the next 12 months. The grants were authorized... Small Business Administration more...
Sep 26, 2011 OPIC Provides $20 Million Loan for Office Building Project in Pakistan WASHINGTON, D.C. – A $20 million loan from the Overseas Private Investment Corporation (OPIC) will finance the completion of a 28-story office building in Pakistan, helping the country to attract multinational investors by meeting an urgent need for top-quality office space. The property will... OPIC more...
Sep 23, 2011 USTDA Supports Kenya's Efforts to Secure Its Growing Telecommunications Infrastructure NAIROBI, KENYA – Today USTDA awarded a $580,000 grant to Kenya's Ministry of Information and Communications to develop a National Cybersecurity Master Plan. Successful implementation of the cybersecurity plan will improve the safety and security of the Kenyan public's data, and will provide many... USTDA more...
Sep 23, 2011 USTDA Supports Nairobi's Efforts to Modernize its Wastewater Infrastructure NAIROBI, KENYA – On September 19, 2011, USTDA awarded a $371,508 grant to the Ministry of Water and Irrigation of Kenya, acting through the Athi Water Services Board (AWSB), to assess options to modernize the Kariobangi wastewater treatment facility in Nairobi. Successful redevelopment of the... USTDA more...
Sep 23, 2011 USTDA Awards Grant to Support Testing and Evaluation of U.S. Systems ROMANIA – The U.S. Trade and Development Agency awarded a grant today to Romania's General Inspectorate for Emergency Situations (GIES) for a study to evaluate technologies deployed during field emergency response operations. The $400,000 grant was signed at the U.S. Embassy in Bucharest by U.S.... USTDA more...
Sep 22, 2011 OPIC Board Approves $310 Million for Geothermal Project in Kenya WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved up to $310 million in financing for a project that will double the generating capacity of a geothermal power plant in Kenya,... OPIC more...
Sep 20, 2011 Commerce Department Awards $1.9 Million to Stimulate Exports, Create Jobs WASHINGTON – Acting U.S. Commerce Secretary Rebecca Blank today announced $1.9 million in financial assistance to support projects that increase U.S. exports, create jobs and strengthen American global competitiveness. The funds will be awarded to five non-profit industry organizations and are... Commerce more...
Sep 20, 2011 Commerce Department Awards $1.9 Million to Stimulate Exports, Create Jobs Acting U.S. Commerce Secretary Rebecca Blank today announced $1.9 million in financial assistance to support projects that increase U.S. exports, create jobs and strengthen American global competitiveness. The funds will be awarded to five non-profit industry organizations and are expected to... ITA more...
Sep 16, 2011 Ex-Im Bank, Vietnam's Ministry of Industry and Trade Sign MOU To Facilitate U.S. Exports To Vietnam Washington, D.C: The Export-Import Bank of the United States (Ex-Im Bank) and Vietnam's Ministry of Industry and Trade (MOIT) have signed a memorandum of understanding (MOU) to facilitate U.S. exports to Vietnam in key sectors such as air transportation, power generation and transmission, and oil... Ex-Im Bank more...
Sep 16, 2011 USTDA Supports Development of Turkey's Growing Energy Sector Signs Three Agreements to Advance Private Sector Power Development TURKEY – Today, USTDA announced three grants that will support the Turkish private sector’s efforts to develop clean sources of energy and promote energy efficiency. The grants, totaling nearly $1 million, are designed to... USTDA more...
Sep 15, 2011 U.S. Grant Supports Safety and Transportation Infrastructure in Indonesia Indonesia’s state owned rail company, to develop a new strategic plan and specific system recommendations for upgrading its rail signaling and telecommunications systems. The $593,954 grant, signed by U.S. Ambassador Scot Marciel and PT KAI President Director Ignasius Jonan in Bandung,... USTDA more...
Sep 14, 2011 USTDA Announces Support for Airport Expansion in Vietnam at APEC Ministerial Meeting SAN FRANCISCO, CA – Today, at the 7th Asia Pacific Economic Cooperation (APEC) Transportation Ministerial Meeting, USTDA Director Leocadia I. Zak signed a grant agreement with the Middle Airports Corporation (MAC) to help expand Chu Lai International Airport, the largest airfield in Vietnam. The... USTDA more...
Sep 2, 2011 Ex-Im Bank Announces Over $455 Million in Project Financing for First Solar's Exports to Canada PERRYSBURG, OHIO: At a factory tour held today at the manufacturing facility of First Solar Inc. in Perrysburg, Ohio, Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank) announced the Bank's authorization of two transactions totaling $455.7 million... Ex-Im Bank more...
Aug 31, 2011 USTDA Supports Solar Power in El Salvador ARLINGTON, VA – USTDA awarded a grant this week to the Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL), El Salvador's national energy utility, to advance solar energy development in El Salvador. The $267,000 grant will fund a feasibility study on a proposed 3 MW grid-connected solar... USTDA more...
Aug 22, 2011 U.S. Grant Supports Aviation Sector Development in Mongolia ULAANBAATAR, MONGOLIA – Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to MIAT Airlines, Mongolia's state-owned air carrier, to develop a new strategic business plan and airline restructuring plan. This grant agreement was concluded during the visit of Vice President Joseph... USTDA more...
Aug 16, 2011 OPIC to Hold Small Business Seminars in Orange County and Miami WASHINGTON, D.C. – Elizabeth Littlefield, President and CEO of the Overseas Private Investment Corporation (OPIC), announced today that OPIC would conduct seminars for U.S. small businesses in Orange County, California, and Miami in the fall of 2011 – the latest in a highly-successful series that... OPIC more...
Aug 12, 2011 USTDA Supports Technology to Make Banking More Accessible in Ghana ACCRA, GHANA – USTDA awards a $496,000 grant to the Ghana Interbank Payments and Settlement Systems Limited (GhIPPS) to help it determine the technical, operational, and business requirements to expand participation in Ghana's financial sector. The grant will fund technical assistance to evaluate... USTDA more...
Aug 4, 2011 Ex-Im Bank Authorizations Hit All-Time Record Exceeding $ 24.5 Billion, Supporting 213,000 American Jobs Washington, D.C. --- The Export-Import Bank of the United States (Ex-Im Bank) has set a new all-time record for export finance authorizations. Today, for the first time, loan authorizations will exceed $ 24.5 billion. And with two months still remaining in the fiscal year the total Ex-Im... Export-Import Bank more...
Jul 21, 2011 USTDA Awards First Grant to Iraq to Support Refinery Rehabilitation BASRA, IRAQ – USTDA announced its support for the continued modernization of the oil and gas sector in Iraq with a $502,798 grant to the South Refineries Company for a feasibility study on the rehabilitation of its Basra refinery. This grant marks a deepening relationship with Iraq to support its... USTDA more...
Jul 18, 2011 Ex-Im Bank Announces $16 Million Loan to Support First Solar Inc. Exports to Azure Power Project in India NEW DELHI: The Export-Import Bank of the United States (Ex-Im Bank) announced today that it is providing a $16 million long-term loan to support the exports of First Solar Inc. in Tempe, Ariz., to Azure Power Rajasthan Pvt. Ltd. in New Delhi. Ex-Im Bank is providing a $16 million loan to support... Ex-Im Bank more...
Jul 18, 2011 Ex-Im Bank Announces $9.2 Million Loan to Support Abound Solar Inc. Exports to Punj Lloyd Power Project in India NEW DELHI: -- The Export-Import Bank of the United States (Ex-Im Bank) announced today that it is providing a $9.2 million long-term loan to support exports of thin-film solar photovoltaic modules from Abound Solar Inc. in Loveland, Colo., to Punj Lloyd Solar Power Ltd. Ex-Im Bank is... The Exporting Source more...
Jul 7, 2011 USTDA Supports Ghana's Efforts to Expand Airport Capacity at Kotoka International Airport ACCRA, GHANA – Today, the U.S. Trade and Development Agency (USTDA) continues its support of and relationship with the Ghana Airports Company Limited (GACL) by signing a $600,000 grant to develop the construction design specifications and tender documents for the refurbishment of the passenger... USTDA more...
Jul 7, 2011 USTDA Supports E-Government Efforts in Brazil RIO DE JANEIRO, BRAZIL – On June 30, USTDA awarded a $675,000 grant to the Rio de Janeiro IT Company (PRODERJ) for a feasibility study to develop an implementation plan for a new data center in the state of Rio de Janeiro. The data center will facilitate communication between Rio's state... USTDA more...
Jul 7, 2011 USTDA Supports Energy Sector Development in Egypt HOUSTON, TEXAS – On June 30, 2011, USTDA awarded a $283,000 grant to Energy Allied Egypt (EAE), an Egyptian firm that focuses on development of energy projects in North and West Africa. The grant will support a feasibility study evaluation for 10 bio-digester units in six key locations throughout... USTDA more...
Jul 1, 2011 USTDA Provides Over $2 Million to Support Clean Energy Projects in Latin America ARLINGTON, VA – In support of the Obama Administration's Energy and Climate Partnership of the Americas, the U.S. Trade and Development Agency (USTDA) this week committed $2,092,000 in funding for five clean energy feasibility studies in Mexico, Brazil, and Colombia. The studies will generate... USTDA more...
Jul 1, 2011 East-West Bank of San Francisco and Ex-Im Bank Provide Financing to Small Business as it Grows to Medium-Size Enterprise WASHINGTON, D.C. -- Retech Systems LLC, a medium-sized business located in Ukiah, Calif., was approved for a $16 million working capital loan guarantee by Export-Import Bank of the United States (Ex-Im Bank). The guaranteed lender, East-West Bank of San Francisco, Calif., is providing ReTech... Ex-Im Bank more...
Jul 1, 2011 OPIC Board Approves $500 Million for Small Business Lending in Egypt and Jordan WASHINGTON, D.C. – Making significant progress toward fulfilling Secretary of State Hillary Clinton’s pledge of U.S. investment support for the Middle East and North Africa (MENA), the Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $500 million in financing to... OPIC more...
Jun 10, 2011 Ex-Im Bank Provides $10.3 Million in Renewable Express Financing for California-Based Solyndra's Solar Exports to Belgium WASHINGTON, D.C. -- Solyndra LLC, a manufacturer of photovoltaic systems headquartered in Fremont, Calif., is using Renewable Express project financing from the Export-Import Bank of the United States (Ex-Im Bank) to facilitate the sale of its solar panels to a private-sector project in Belgium.... Ex-Im Bank more...
Jun 10, 2011 USTDA Supports Morocco's Efforts to Deploy Solar Energy ARLINGTON, VA – Building on the Obama Administration's efforts to open overseas markets for clean energy technologies, USTDA is supporting the Moroccan Agency for Solar Energy (MASEN) as it begins to deploy 500 MW of solar electricity near the city of Ouarzazate. During the signing ceremony... USTDA more...
May 26, 2011 Ex-Im Bank Financing For Sub-Saharan Africa Exceeds $1 Billion For First Time WASHINGTON, D.C. - The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) voted today to approve an $805.6 million direct loan to South Africa's state-owned electric power utility, Eskom, Limited. That action, plus today's approval for over $59 million to... Export-Import Bank more...
May 5, 2011 USTDA Helps India Prepare for the Demands of a Fast Growing Aviation System NEW DELHI, INDIA – Supporting India's ability to expand its staff of trained aviation officials in advance of increased growth in passengers, flights, cargo, and airport infrastructure is the goal of a USTDA grant awarded today to the Directorate General of Civil Aviation. The DGCA is... USTDA more...
Apr 6, 2011 USTDA Supports Renewable Energy Development in Coastal Fishing Villages in Morocco Today, USTDA awarded a grant to the National Fisheries Office (Office National des Pêches) (ONP) to support the development of distributed power generation and fresh water production in coastal fishing villages in Morocco. The technical assistance will develop a master plan for utilizing... USTDA more...
Mar 7, 2011 Ex-Im Bank Adopts The Equator Principles To Facilitate Project Finance Application And Review WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) today announced its adoption of the Equator Principles, a globally recognized benchmark for financial institutions to determine, assess and manage the social and environmental risks of international project financing. Export-Import Bank more...
Mar 7, 2011 USTDA Supports Cloud Computing in Vietnam Today, USTDA awarded a grant to the Vi Na Group Corporation (VNG) to examine the feasibility of establishing a cloud computing business in Vietnam. The resulting cloud computing data center would allow VNG to offer remote, secure software and data storage services to customers seeking more... USTDA more...
View Archives