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US Ex-Im nears exposure limit
09 January 2012
US Ex-Im is nearing its exposure limit as its full reauthorisation is switched to a short-term continuation, and the Airlines for America law suit reaches court.
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The Export-Import Bank of the United States (US Ex-Im) is nearing its total exposure limit of $100 billion as its full reauthorisation by Congress for a further five years is switched to a short-term continuation until May 2012.
US Ex-Im is thought to have total outstanding loans and guarantees of approximately $93 billion, and exporters fear that unless the bank’s lending cap is raised, loan and guarantee approvals will stall or be significantly delayed until...
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