Export-Import Bank of the United States - Definition

The Export-Import Bank of the United States ("Ex-Im Bank", "Exim Bank" or "Eximbank") is an independent bank established by Congress that finances or insures foreign purchases of U.S. goods for customers unable or unwilling to accept credit risk. For instance, in 2004 it insured the purchase by Iraq of fogging machines for insect abatement.

There are many other banks around the world called Eximbank, some analogous to the U.S. Ex-Im Bank, and some private commercial banks.

External links

• Ex-Im Bank home page (http://www.exim.gov/)
• Meridian Finance: What is Ex-Im Bank? (http://www.meridianfinance.com/other_exim.shtml)