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Export-Import Bank of the United States (EXIM)United States

Active

This profile is actively maintained
Last update: Sep 6 2024
Lafayette building, head office of EXIM Bank US in Washington. Photo: AgnosticPreachersKid via Wikimedia Commons (CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: Sep 6 2024
About
Website http://www.exim.gov/
Headquarters
811 Vermont Avenue NW
20571 Washington DC
United States
CEO/chair Reta Jo Lewis
Chairman and President
Supervisor
Ownership

The Export-Import Bank US is wholly-owned by the US government.

The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. The agency was originally organised as a District of Columbia banking organisation in 1934, by the name of Export-Import Bank of Washington and intended to boost national exports. The US Congress turned it into an independent agency in 1945. In 1968 further legislation changed the name into Export-Import Bank of the United States. The EXIM Bank fills export financing gaps through its loan, guarantee, and insurance programs when the private sector is unable or unwilling to do so. It also provides export credit insurance, working capital, loan guarantees and direct loans. The Export-Import Bank of the United States adopted the Equator Principles in 2011.

Sustainability
Commitments
Policies
Voluntary standards

EXIM Bank US' most important sustainability commitments can be found at the website sections listed below.

Links

Policies

Environmental and Social Project Information and Concerns
Dodgy Deals

Export-Import Bank Of The United States (EXIM) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Export-Import Bank Of The United States (EXIM)'s link to these deals.

Projects / Companies
Finance type
Year

Projects

Mozambique LNG

Mozambique
Oil and Gas Extraction | ...
Profile
Type
Amount
Description
Date
Date end
Source
Debt – project finance
USD 4,7 billion
EXIM provided a loan of USD 4.7 billion for U.S. exports of goods and services for the engineering, procurement, and construction of the onshore LNG plant and related facilities.
1 October 2020
30 June 2038
source: Export-Import Bank of the United States and IJGlobal Data, April 2021
link

Papua LNG

Papua New Guinea
Oil and Gas Extraction | ...
Profile
Type
Amount
Description
Date
Date end
Source
Approached, interested
Not available
Not available
2023
Not available
Not available

Projects on record

Baku-Tbilisi-Ceyhan oil pipeline

Azerbaijan
Pipeline Transportation of Crude Oil
Profile
Type
Amount
Description
Date
Date end
Source
Uncategorised
Not available
Not available
Not available
Not available
Not available

Camisea pipeline project

Peru
Pipeline Transportation of Natural Gas
Profile
Type
Amount
Description
Date
Date end
Source
Uncategorised
USD 459 million
$459 million guarantee facility approval
27 June 2008
Not available
source: Project Finance Magazine, 27 June 2008

Great Barrier Reef Coal & Gas Exports

Australia
Coal Mining | Fossil Fuels Bulk Stations and Terminals | Oil and Gas Extraction
Profile
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
AUD 4637 million
Not available
5 May 2013
Not available
source: link

Kusile coal power plant

South Africa
Coal Electric Power Generation
Profile
Type
Amount
Description
Date
Date end
Source
Debt – project finance
USD 805 million
The funding will pay for the engineering and construction services of Black & Veatch, a US- based company
April 2011
Not available
source: link

Liquified Natural Gas (LNG) project

Papua New Guinea
LNG Terminal
Profile
Type
Amount
Description
Date
Date end
Source
Debt – project finance
USD 800 million
guaranteed term loan
7 April 2010
Not available
source: link
Debt – project finance
USD 2,2 billion
direct loan
7 April 2010
Not available
source: link

Long Phu I coal power plant

Vietnam
Coal Electric Power Generation
Profile
Type
Amount
Description
Date
Date end
Source
Approached, interested
Not available
Not available
Not available
Not available
source: Market Forces
link

SOCAR Aegean Refinery

Turkey
Coal Electric Power Generation | Oil and Gas Extraction
Profile
Type
Amount
Description
Date
Date end
Source
Debt – project finance
USD 2,69 billion
Partipant in USD 2.69bn of ECA direct and covered loans with 18 year tenor.
January 2015
Not available
source: TFR

Sasan ultra mega coal power project (UMPP)

India
Coal Electric Power Generation
Profile
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
USD 917 million
Not available
August 2010
Not available
source: link

Companies on record

Marubeni

Japan
Coal Electric Power Generation | Mining | Pulp, Paper and Paperboard Mills
Profile
Type
Amount
Description
Date
Date end
Source
Debt – project finance
USD 7,2 billion
project finance contract for the development of the Roy Hill Iron Ore Mine in Australia, provided together with KSURE, Exim bank of Korea, JBIC and NEXI.
20 March 2014
Not available
source: link
News
BankTrack
External
Select year
    Blog
    BankTrack news BankTrack blog Partner news Partner blog

    At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

    African countries kept in fossil fuel stranglehold by Overseas money
    Mar 3 2022 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
    Blog
    BankTrack news BankTrack blog Partner news Partner blog

    New BankTrack Equator Principles reporting tracking tool launched

    Sep 21 2020 | BankTrack
    Resources
    Documents
    Links

    Annual report 2023

    Annual report
    Jun 10 2024 | Exim US

    Annual report 2022

    Annual report
    Jul 10 2023 | EXIM US

    Environmental and social guidelines

    Date listed represents date as accessed on website
    Bank policy
    Oct 21 2022 | EXIM US

    Annual report 2021

    Annual report
    Jul 5 2022 | EXIM US

    Aviation exports policy

    Date listed represents date as accessed on website
    Bank policy
    Nov 2 2021 | EXIM Bank US

    Annual report 2020

    Annual report
    Jul 13 2021 | EXIM Bank US
    Accountability
    Grievances

    EXIM Bank US operates a Environmental and Social Project Information and Concerns Form, which can be accessed here.

    EXIM Bank US is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

     
    Good Moves

    Good moves

    Year: