Export-Import Bank

American  

[ek-spawrt-im-pawrt, ek-spohrt-im-pohrt] / ˈɛk spɔrtˈɪm pɔrt, ˈɛk spoʊrtˈɪm poʊrt /

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.

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Example Sentences

He noted Perpetua Resources, which counts Paulson as its biggest shareholder, last year received a preliminary term sheet for $2 billion in debt financing from the Export-Import Bank of the U.S.

From The Wall Street Journal

Export-Import Bank said in December that it would put $1.25 billion into Pakistan’s stalled Reko Diq mine, which holds large reserves of copper and gold.

From The Wall Street Journal

The project will be driven by a $10 billion loan from the Export-Import Bank of the United States and $1.7 billion in private capital, a White House official said.

From Barron's

The initiative looked at collaborative funding, with the Export-Import Bank under Biden proposing a $500 million loan for a rare-earths mine and processing plant in Australia.

From Barron's

For Project Vault, the Export-Import Bank, a U.S. agency, will provide loans of up to $10 billion, while private capital is expected to provide about $2 billion to the project.

From The Wall Street Journal