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US Ex-Im rounds off year with approvals
03 October 2011
On the final day of its financial year US Ex-Im approved $3.4 billion in authorisations, supporting exports to India, Kazakhstan and Mexico, and up to 20,000 US jobs.
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The board of directors of the Export-Import Bank of the United States (US Ex-Im) approved $3.4 billion in financing to support US exports from a wide variety of companies in the aerospace, oil and gas, locomotives, solar-energy and other industries. The bank estimates that this financing will support more than 20,000 jobs in the United States.
The board met on September 30, the last day of fiscal year 2011 for the bank. Most of the transactions given final approval previously had been reviewed and approved by the Bank’s board in late July and August, subject to a 35-day congressional notification period that ended for each transaction earlier in the week.
“This has been a historic year for Ex-Im Bank in terms of total authorizations and the number of American jobs supported by Ex-Im financing. The bank has responded...
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