Export-Import Bank

[ek-spawrt-im-pawrt, ek-spohrt-im-pohrt]

noun

1. a U.S. federal bank, established in 1934, that is authorized, in the interest of promoting foreign trade, to make loans to foreign governments and commercial enterprises, with the provision that such funds be used only to purchase U.S. goods.

Example Sentences

The Export-Import Bank of the United States offered $160 million in debt financing for the mine, Pensana Chairman Paul Atherley said, compared with a U.K. grant for the processing facility that would have been worth about $6.6 million.

Read more on The Wall Street Journal

Tied to that announcement, the Export-Import Bank of the United States, a federal agency, announced $2.2 billion in potential financing for seven mineral projects in Australia, and the White House said the Defense Department would invest in an advanced gallium refinery in Western Australia, needed for semiconductor manufacturing.

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Export-Import Bank will provide $2.2 billion to boost mineral supply chains in Australia.

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The Export-Import Bank has issued seven letters of interest totaling more than $2.2 billion in financing.

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The US separately said it would invest in the construction of a 100 tonnes-per-year advanced gallium refinery in Western Australia and was preparing to offer some $2.2bn in financing to advance critical minerals projects via its Export-Import Bank.

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