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Apr 10, 2013 Ex-Im Bank and Dubai Economic Council Sign $5 Billion Agreement Washington, D.C. – Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), and Hani Rashid Al Hamli, secretary general of the Dubai Economic Council (DEC), inked a $5 billion memorandum of understanding (MOU) Thursday at Ex-Im Bank’s 38th Annual... Ex-Im Bank more...
Apr 8, 2013 OPIC Issues Call for Proposals to U.S. Banks for Guaranteed Loan Facility for Small Businesses WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution, today announced a Call for Proposals for a new and innovative loan guarantee program designed to encourage U.S. banks to expand their lending to U.S. small and... OPIC more...
Apr 5, 2013 Vanport Outfitters of Oregon The Company Vanport Outfitters produces handmade bags and luggage in Portland, Oregon, using natural materials from the highest quality local distributors and the sturdiest construction practices possible. Founded in 2009, the company is the creation of Nicholas Everett, who has worked with... ITA more...
Apr 5, 2013 Pneumatic Vacuum Elevator LLC of Florida The Department of Commerce’s Trade Agreements Compliance Program led by the International Trade Administration’s (ITA) Market Access and Compliance (MAC) Unit, recently helped Pneumatic Vacuum Elevator LLC (PVE), a small-to-medium size enterprise (SME) headquartered in Miami, Florida, overcome a... ITA more...
Apr 3, 2013 BBCN Bank named SBA Export Lender of the Year 2013 SBA, Lenders Convene in Washington, D.C. for the 6th Annual SBA Export Lenders’ Roundtable WASHINGTON –U.S. Small Business Administrator (SBA) Karen Mills today named BBCN Bank the SBA Export Lender of the Year for 2013. During the announcement, made at today’s 6th Annual Export Lenders’... SBA more...
Apr 3, 2013 Ex-Im Bank To Participate in U.S. Global Business Solutions – Interagency Initiative To Increase Small-Business Exports Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) will participate in U.S. Global Business Solutions, a new interagency initiative to expand the reach of federal export assistance and add 50,000 small businesses to the nation's exporter base by 2017. Announced today... Ex-Im Bank more...
Mar 28, 2013 USTDA Grant Supports Technology Deployment at India's Airports Helping to Ensure India Keeps Pace with Passenger and Cargo Growth NEW DELHI, INDIA – Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to the Airports Authority of India (AAI) to support a feasibility study for the implementation of the Jeppesen Total Airspace and Airport... USTDA more...
Mar 26, 2013 California Company Miasolé Exports Thin-Film Solar Panels for Solar-Energy Project in India, Backed by $9 Million Ex-Im Bank Loan Company Plans To Add 200 U.S. Jobs Due to Growing Export Business Washington, D.C. – Miasolé, a solar-energy company in Santa Clara, Calif., has exported thin-film solar panels to a solar photovoltaic (PV) project in Rajasthan, India, with the support of a $9 million direct loan from the... Ex-Im Bank more...
Mar 22, 2013 Ex-Im Bank Authorizes $190 Million to Israeli Airline Financing will support 1,300 American Jobs Washington D.C. – Today, the Export-Import Bank of the United States (Ex-Im Bank) authorized more than $190 million in financing to support the export of Boeing 737-900ER aircraft to El Al Israel Airlines, Ltd. (El Al). According to Boeing, this... Ex-Im Bank more...
Mar 22, 2013 USTDA Promotes Power Transmission in Ghana with Grant TEMA, GHANA –The U.S. Trade and Development Agency (USTDA) awarded a grant to the Ghana Grid Company Limited (GRIDCo) in support of its efforts to develop a new power transmission line in southwestern Ghana. The $655,000 grant was signed at GRIDCo's headquarters in Tema by Paul Marin, USTDA's... USTDA more...
Mar 22, 2013 U.S. Department of Commerce Helped American Company Secure $12.5 Million Deal Abroad WASHINGTON — Under Secretary of Commerce for International Trade Francisco Sánchez today announced that TCI International, a Fremont, California-based subsidiary of SPX Corporation, signed a contract in December 2012 with Macedonia’s Agency for Electronic Communications (AEC). TCI will supply a... ITA more...
Mar 21, 2013 OPIC Board Approves Financing for Wind Projects in Pakistan & Peru WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC) today approved a total of $288 million in financing for two wind power projects poised to deliver much-needed electricity to Pakistan and Peru. “The provision of clean and reliable electricity is... OPIC more...
Mar 20, 2013 USTDA Supports Adoption of Smart Grid Technologies by Colombian Transmission Grid Operator Project Improves Power Quality and Liability in the Region BOGOTÁ, COLOMBIA – Today, USTDA awarded a grant to XM Compañía de Expertos en Mercados S.A. E.S.P. (XM Company of Experts in Markets or “XM”) in support of its efforts to develop an Intelligent Supervision and Advanced Control System... USTDA more...
Mar 8, 2013 Department of Commerce Advocacy Efforts Net Expansion of a $37M Contract for Massachussetts Firm in Chile WASHINGTON – Under Secretary of Commerce for International Trade Francisco Sánchez today announced that InterSystems Corporation, a Massachusetts-based software company specializing in breakthrough healthcare technology, beat out three foreign competitors to win a $37 million contract with the... ITA more...
Mar 5, 2013 U.S. Exports Will Expand Wind Farm in Honduras Ex-Im Bank Supports 200 Jobs in Six States WASHINGTON, D.C. – Two hundred Pennsylvanian workers will assemble twelve high-tech wind turbines for export, because the Export-Import Bank of the United States (Ex-Im Bank) approved a $28.6 million direct loan to a Honduran power company. The... Ex-Im Bank more...
Mar 5, 2013 Ex-Im Bank Approves $1.1 Billion in Financing for U.S.-Manufactured B737-900ER Aircraft to Indonesia’s Lion Air Transaction To Support an Estimated 7,300 American Jobs Washington, D.C. -- The Export-Import Bank of the United States (Ex-Im Bank) has approved a final commitment of $1.1 billion to finance the export of a fleet of Boeing 737-900ER (extended range) aircraft with CFM International aircraft... Ex-Im Bank more...
Feb 28, 2013 ITA Successfully Assists Chart Industries Inc. Enter the Japanese Market The Department of Commerce’s International Trade Administration (ITA) helped the Ball Ground, Georgia facility of Chart Industries Inc. (Chart), overcome a testing standard that would have prevented it from entering the Japanese market. Why it Matters Without ITA's assistance, Chart... ITA more...
Feb 27, 2013 OPIC and TPC Support Expansion of Home Improvement Loans for Low-Income Cambodians with Historic $5 Million Investment The Overseas Private Investment Corporation (OPIC) and Thaneakea Phum (Cambodia), Ltd. (TPC) today announced the closing of a US$ 5 million term loan to fund the expansion of TPC’s portfolio of microfinance loans for low-income borrowers. The historic loan is OPIC’s first direct loan to a... OPIC more...
Feb 26, 2013 Housing Finance and Business-Repair Project for Haitian Earthquake Nears Realization PORT-AU-PRINCE, Haiti – A project poised to deliver affordable home finance and business repair loans to more than 4000 Haitian families affected by the 2010 earthquake moved a step closer to reality today with the signing of a loan agreement between the Overseas Private Investment Corporation... OPIC more...
Feb 14, 2013 Navistar Inc. of Illinois The Company The Department of Commerce’s International Trade Administration (ITA) has helped secure market access for Illinois-based company, Navistar Inc., so it can continue to sell heavy-duty trucks in Chile. Navistar and other U.S.-based truck manufacturers faced the possibility of... ITA more...
Feb 12, 2013 Ex-Im Approves more than $500 million to Finance Export of U.S. Aircraft to Russia Washington, D.C. – The board of the Export-Import Bank of the United States (Ex-Im Bank) voted to guarantee a loan of more than $500 million provided by Apple Bank for Savings to OJSC VEB Leasing (VEBL) of Moscow for the export of a fleet of Boeing 777 aircraft to Russia to be operated by... Ex-Im Bank more...
Feb 7, 2013 Ex-Im Bank Signs $500 Million MOU with ICICI Bank Chairman Travels to India on Business Development Mission Mumbai, India - Fred P. Hochberg, the chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), traveled to India last week on a business-development mission. While in India, the Chairman signed a $500... Ex-Im Bank more...
Jan 31, 2013 OPIC & GE Finance Clean Cookstove Project in East Africa $4 million to establish manufacturing facility in Kenya, satellite assembly plants in Rwanda, Tanzania & Uganda WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, is partnering with GE to finance a clean... OPIC more...
Jan 30, 2013 ITA Ensures Patent Rights Protection in Oman The Department of Commerce’s International Trade Administration’s (ITA) helped the Indianapolis, Indiana based U.S. pharmaceutical company Eli Lilly, overcome patent infringement that would have harmed the company’s market share in Oman, a member of the Gulf Cooperation Council (GCC). Why it... ITA more...
Jan 28, 2013 Ex-Im Bank Approves $780,000 Loan Guarantee To Finance U.S. Solar-Module Exports to Mexican Rooftop Solar-Power Project WASHINGTON, D.C. — A U.S. solar-module manufacturer and a Mexican company are both benefiting from the support of the Export-Import Bank of the United States (Ex-Im Bank). In a recently approved transaction, Ex-Im Bank will guarantee a $780,000, 10-year loan to be made by UPS Capital Business... Ex-Im Bank more...
Jan 18, 2013 Ex-Im Approves $87.1 Million Guarantee to Finance Export of American-made Satellite to Spain Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) has authorized an $87.1 million guarantee of a loan extended by Crédit Agricole and other European lenders to Hispasat Canarias S.L.U., a Hispasat S.A. (Hispasat) subsidiary based in Madrid, Spain, that will finance the... Ex-Im Bank more...
Jan 14, 2013 Ex-Im Approves $155.4 Million Loan to Finance Hospital Expansion in Ghana Washington, D.C. – In keeping with its focus on sub-Saharan Africa, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a $155.4 million direct loan to the Republic of Ghana to finance the design and construction of a hospital expansion in Accra, Ghana. Americaribe Inc.... Ex-Im Bank more...
Jan 10, 2013 Ex-Im Approves $15.7 Million Direct Loan to Finance Export of American-made Fire Trucks to Nigeria Washington, D.C. – The board of the Export-Import Bank of the United States (Ex-Im Bank) has authorized a $15.7 million direct loan to the state government of Lagos, Nigeria, to underwrite the purchase of 32 American fire-fighting vehicles manufactured by W.S. Darley & Co. (Darley) of Itasca,... Ex-Im Bank more...
Jan 10, 2013 OPIC Selects Khaya Capital Advisors, LLC as Originator in Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected Khaya Capital Advisors, an investment advisory and development consulting firm, to serve as an Originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs)... OPIC more...
Jan 9, 2013 OPIC Selects North Carolina's Small Business & Technology Development Center for Partners Program WASHINGTON, D.C. – North Carolina’s Small Business & Technology Development Center (SBTDC) has been named the newest member of the Overseas Private Investment Corporation’s Partners Program, a public diplomacy initiative designed to create a greater understanding within the U.S. business... OPIC more...
Dec 28, 2012 Ex-Im Bank Provides $1.8 Billion in Export Financing for Natural Gas Project in Australia Bank’s financing will sustain more than 9,000 American jobs Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) will finance a $1.8 billion direct loan to BG Energy Holdings Ltd. (BG) to support U.S. exports for a natural gas liquefaction (LNG) project in Queensland,... Ex-Im Bank more...
Dec 28, 2012 Nigerian Offshore Oil and Gas Industry Receives USTDA Support ARLINGTON, VA –The U.S. Trade and Development Agency (USTDA) is helping Nigeria meet the logistical and engineering needs of its emerging offshore oil and gas industry by providing a grant to support the development of an electronic management platform. USTDA Director, Leocadia I Zak, signed... USTDA more...
Dec 21, 2012 Groundbreaking Initiative to Catalyze Investment in African Health Care Receives $10.6 Million in Public-Private Financing OPIC, USAID, Bill & Melinda Gates Foundation, Calvert Foundation & Deutsche Bank Americas Foundations, Soros Economic Development Fund Support Medical Credit Fund AMSTERDAM, Netherlands – An innovative approach that could transform Africa’s health care delivery with private sector... OPIC more...
Dec 20, 2012 OPIC Board Approves $150 Million for Investment in African Priority Sectors Agribusiness, energy & infrastructure, financial services lack access to long-term capital WASHINGTON, D.C. – Agribusiness, energy and infrastructure, and financial services – three sectors critical to Africa’s development – got a significant boost when the Board of Directors of the... OPIC more...
Dec 20, 2012 USTDA Supports Balanced Trade with China WASHINGTON, D.C. – This week, U.S. Trade and Development Agency (USTDA) Director Leocadia I. Zak and China's Vice Minister of Commerce, Wang Chao, signed a Memorandum of Understanding (MOU) at the 23rd session of U.S.-China Joint Commission on Commerce and Trade (JCCT) meetings, with the... USTDA more...
Dec 18, 2012 OPIC Selects Ranjan & Stephanie Exporters as Originators in Enterprise Development Network WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected Ranjan & Stephanie Exporters of Kaduwela, Sri Lanka, a business development and finance consulting firm, to serve as an originator for a growing alliance... OPIC more...
Dec 18, 2012 OPIC Board Approves $40 Million for Investment Fund to Support SMEs in Russia's Outer Provinces WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved up to $40 million in financing for a private equity investment fund that will support small and medium-sized enterprises (SMEs) in... OPIC more...
Dec 18, 2012 Ex-Im Bank Authorizes $150 Million in Export Financing for Energy Projects in Latin America Transactions will support more than 500 American jobs WASHINGTON, D.C. – More than a $150 million worth of American-made energy equipment will head to Uruguay and Mexico because of transactions approved this week by the Export-Import Bank of the United States (Ex-Im Bank). The Bank approved a... Ex-Im Bank more...
Dec 17, 2012 USTDA Grant Promotes Electricity Distribution in Ghana with Two Grants ACCRA, GHANA – The U.S. Trade and Development Agency (USTDA) signed two grants in Accra last week to support electricity distribution system development in Ghana. The grants further USTDA's Africa Clean Energy Solutions Initiative, which was introduced in 2010 to assist in the development of... USTDA more...
Dec 13, 2012 Ex-Im Approves $1 Billion Direct Loan to Finance Export of U.S. Manufacturing Equipment to Germany Washington, D.C. – In a decision that will support nearly 10,000 high-tech jobs, the Export-Import Bank of the United States (Ex-Im Bank) has approved a $1.03 billion loan to GLOBALFOUNDRIES to finance the export of American-made semiconductor manufacturing equipment to Germany. The... Ex-Im Bank more...
Dec 13, 2012 USTDA Promotes Geothermal Power Development in Indonesia Project Supports the New Asia Pacific Energy Partnership Announced at East Asia Summit JAKARTA, INDONESIA – Today, the U.S. Trade and Development Agency (USTDA) awarded a $546,766 grant to PT Teknosatria Energi Geothermal (TEG) to partially fund a feasibility study for a 30 megawatt (MW)... USTDA more...
Dec 13, 2012 ITA Facilitates An Open Bidding Process for China’s 3G Networks The Department of Commerce’s International Trade Administration’s (ITA) helped Illinois- based Motorola Inc. in 2009-10 ensure that China’s bidding process for the rollout of its 3G network would not discriminate against foreign participants, enabling Motorola to win a $310 million contract in... ITA more...
Dec 11, 2012 OPIC Posts Strong 30 Percent Growth Supporting American Businesses Abroad: Helps Reduce Deficit for 35th Consecutive Year Investments in Africa, Middle East and Renewable Resources Sector Drive Commitments; Majority of Projects Involve U.S. Small Business WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) increased its financial commitments to American businesses investing abroad by 30... OPIC more...
Dec 7, 2012 MBDA and Ex-Im Bank Partner to Increase Export Financing Global Outreach Alliance to Facilitate Global Expansion and U.S. Job Creation The Minority Business Development Agency in cooperation with Ex-Im Bank issued this joint release: WASHINGTON — The U.S. Commerce Department’s Minority Business Development Agency (MBDA) and the... Ex-Im Bank more...
Dec 5, 2012 Ex-Im Approves Supply Chain Finance Transaction to Support Small-Business Jobs Washington, D.C. – The Export-Import Bank of the United States of America (Ex-Im Bank) announced today that it has approved its fourth Supply Chain Finance transaction and will guarantee up to 90 percent of $450 million in liquidity offered by a JPMorgan Chase loan to suppliers of Caterpillar... Ex-Im Bank more...
Dec 4, 2012 Ex-Im Approves $2.1 Billion to Finance Export of U.S. Petrochemical Goods and Services to India Washington, D.C. – Continuing its efforts to support American jobs by boosting American exports, the board of the Export-Import Bank of the United States (Ex-Im Bank) has voted to extend a $1.06 billion direct loan and to guarantee a $1.06 billion JPMorgan Chase loan to Reliance Industries Ltd.... Ex-Im Bank more...
Dec 3, 2012 Ex-Im Bank Approves Financing to Export Helicopters Supports More Than 500 Jobs WASHINGTON, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) announced today it will guarantee financing to support the export of U.S.-made helicopters to Brazil. The Bank approved a final commitment to guarantee support for 85 percent of the U.S.... Ex-Im Bank more...
Nov 30, 2012 USTDA Grant Supports Smart Transportation Development in China Pilot Project Advances Integrated Transportation System for City of Nanjing HANGZHOU, CHINA – Today, U.S. Trade and Development Agency (USTDA) Director Leocadia I. Zak presided over the signing of a business agreement between U.S. firm Rolta International and Chinese firm Nanjing Sample... USTDA more...
Nov 30, 2012 USTDA and U.S. DOT Support the Development of China's Railways and Ports Announce Two Activities to Advance Transportation Development in China HANGZHOU, CHINA – Today, U.S. Trade and Development Agency (USTDA) Director Leocadia I. Zak joined U.S. Department of Transportation (DOT) Assistant Secretary Susan Kurland to announce two activities designed to... USTDA more...
Nov 30, 2012 Ex-Im Backs Bonds Issued by Ethiopian Airlines for Export of U.S. Aircraft Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) is backing bonds issued by Ethiopian Airlines of Addis Ababa to finance the export of four of ten Boeing 787 Dreamliner aircraft to Ethiopia. Ethiopian Airlines obtained competitive interest rates on its bonds.... Ex-Im Bank more...
Nov 28, 2012 OPIC Selects Akamai Global as Originator in Enterprise Development Network WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has selected Akamai Global of Kampala Uganda, a business consulting firm working with Small and Medium Enterprises, to serve as an Originator for a growing alliance with the private sector designed to support small and medium... OPIC more...
Nov 28, 2012 OPIC Selects Jenkins-Lara Corporation as Originator in Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected Jenkins-Lara Corporation of Houston, Texas, a risk management consulting and international business development firm, to serve as a Loan and Political Risk Insurance Originator for a growing alliance with the... OPIC more...
Nov 28, 2012 Secretary Blank Announces New U.S.-Africa Clean Energy Development and Finance Center USTDA, OPIC and Ex-Im Bank to Facilitate Clean Energy Projects in sub-Saharan Africa through Newly-Established Center JOHANNESBURG, SOUTH AFRICA – Acting Secretary of Commerce Rebecca Blank announced the establishment of the U.S.-Africa Clean Energy Development and Finance Center (Center) at... OPIC more...
Nov 27, 2012 Ex-Im Bank Provides $425 Million in Export Financing for Kazakhstan to Purchase GE Locomotives Transaction supports 5,000 American jobs WASHINGTON, D.C. — The Export-Import Bank of the United States (Ex-Im Bank), Kazakhstan Temir Zholy (KTZ), Kazakhstan's state-owned national railway company, and KTZ's subsidiary Joint Stock Company Lokomotiv, signed a Credit Agreement for $425... Ex-Im Bank more...
Nov 20, 2012 Ex-Im Bank Approves $37.6 Million Loan For Gas Compression Export To Trinidad and Tobago; Supports 350 Jobs In Three States WASHINGTON, D.C. -- The Export-Import Bank of the United States (Ex-Im Bank) announced today its approval of a $37.6 million direct loan to support exports by McDermott International Inc. and five American suppliers of natural gas compression equipment and technology for a United Kingdom energy... Ex-Im Bank more...
Nov 19, 2012 Ex-Im Approves $461 million to Finance Export of U.S. Satellites to Hong Kong Washington, D.C. – In a decision that will support thousands of high-tech jobs in the U.S., the board of the Export-Import Bank of the United States (Ex-Im Bank) has authorized two transactions aggregating $461 million to underwrite the export of American-made satellites to Hong Kong. The... Ex-Im Bank more...
Nov 16, 2012 Ex-Im Approves Approximately $500 million to Finance Export of Boeing Dreamliners to Poland Washington, D.C. – The board of the Export-Import Bank of the United States (Ex-Im Bank) authorized a comprehensive guarantee of an approximately $500 million loan to Polskie Linie Lotnicze LOT S.A. (LOT Airlines) for the export of a fleet of Boeing 787 Dreamliner aircraft to Poland. Apple... Ex-Im Bank more...
Nov 16, 2012 Ex-Im Bank Announces FY2013 Advisory Committee Members WASHINGTON, D.C., November 16, 2012 – Today the Board of Export-Import Bank of the United States (Ex-Im Bank) appointed sixteen members to the Bank’s Advisory Committee for 2013.The Committee advises Ex-Im Bank on its policies and programs, in particular on the extent to which the Bank helps U.S.... Ex-Im Bank more...
Nov 14, 2012 New Agreement Between OPIC and Indonesia Infrastructure Guarantee Fund Sets Goal of Increased Investment JAKARTA, Indonesia - Aiming to increase U.S. investment in Indonesia’s infrastructure, a sector critical to that country’s future economic growth, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today concluded a memorandum of... OPIC more...
Nov 13, 2012 USTDA Promotes ASEAN Connectivity Through Smart Grid Development Connecting ASEAN Leaders in Power Sector with U.S. Smart Grid Companies HANOI, VIETNAM – Today, the U.S. Trade and Development Agency (USTDA) kicked off the U.S.-ASEAN Smart Grid Workshop in Hanoi, Vietnam, the second event of the U.S.-ASEAN Connectivity Cooperation Initiative. The... USTDA more...
Nov 8, 2012 Ex-Im Approves $35 million Loan Guarantee to Finance Export of U.S. Products and Expertise to Iraq Washington, D.C. – The board of the Export-Import Bank of the United States (Ex-Im Bank) voted to guarantee a JPMorgan Chase loan totaling $35 million to Devco International LLC (Devco) of Tulsa, Okla., for the design and construction of a sulfur purification plant in Mosul, Iraq. Ex-Im... Ex-Im Bank more...
Nov 2, 2012 Ex-Im Bank Extends Assistance Measures to U.S. Exporters in Federal Disaster Areas Affected by Hurricane Sandy WASHINGTON, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) today announced extended provisions to assist exporters and financial institutions located in those portions of the Mid-Atlantic and Northeast that have been declared federal disaster areas by the Federal Emergency... Ex-Im Bank more...
Oct 24, 2012 Ex-Im Approves Over $50 million to Finance Export of U.S. Aircraft to Mexico Washington, D.C. – The board of the Export-Import Bank of the United States (Ex-Im Bank) authorized more than $50 million to guarantee a loan extended by Apple Bank to Aeroservicios Especializados S.A. DE C.V. (ASESA) of Mexico that will finance the export of a fleet of Sikorsky S-76DTM... Ex-Im Bank more...
Oct 24, 2012 Ex-Im Bank, Japan Bank for International Cooperation Sign Co-financing Agreement to Facilitate U.S., Japanese Export Sales WASHINGTON, D.C. --- Officials from the Export-Import Bank of the United States (Ex-Im Bank) and the Japan Bank for International Cooperation (JBIC) today signed a co-financing agreement that will facilitate future export transactions involving companies in both the United States and Japan.... Ex-Im Bank more...
Oct 23, 2012 Clinton Bush Haiti Fund, OPIC and USAID Supporting Low-Income Families in Haiti Housing finance project will help promote home ownership and repairs following 2010 earthquake WASHINGTON, DC – The Clinton Bush Haiti Fund, together with the Overseas Private Investment Corp. (OPIC) and the U.S. Agency for International Development are supporting an inter-agency project... OPIC more...
Oct 22, 2012 Ex-Im Renews Insurance for $14.7 Million Export of U.S. Cotton to Turkey; Supports Farm Jobs in Carolinas, Tennessee and Virginia WASHINGTON, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) has renewed a 12-month export credit insurance policy for Wells Fargo to enable the export of American cotton to a large textile firm in Turkey, Menderes Tekstil Sanayi ve Ticaret A.S. Ex-Im Bank's renewal of this policy... Ex-Im Bank more...
Oct 22, 2012 Ex-Im Bank Will Reinsure Coface North America’s Issue of Export-Credit Insurance WASHINGTON, D.C., Oct. 22, 2012 – The Export-Import Bank of the United States (Ex-Im Bank) announced today an agreement with trade credit insurer Coface North America Insurance Company to provide reinsurance. The Bank introduced its reinsurance product two years ago in order to help U.S. small... Ex-Im Bank more...
Oct 16, 2012 OPIC Open for Business in South Sudan Minister Garang Diing Akuong and OPIC President Elizabeth Littlefield sign agreement to encourage U.S. investment JUBA, South Sudan – Elizabeth Littlefield, President and CEO of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution,... OPIC more...
Oct 16, 2012 OPIC to Dedicate Staff Member for South Africa in 2013 Will support implementation of US-Africa Clean Energy Finance Initiative JOHANNESBURG, South Africa – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, will dedicate a senior staff member for South Africa in 2013, aiming to leverage... OPIC more...
Oct 9, 2012 Ex-Im Bank Authorizes $117.5 Million in First Financing of Boeing Aircraft to flydubai Washington, D.C. — The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $117.5 million loan guarantee supporting exports of Boeing 737-800 aircraft to flydubai, a low-cost airline owned by the government of Dubai. Ex-Im Bank is guaranteeing a 12-year loan from the... Ex-Im Bank more...
Oct 9, 2012 USTDA Supports Efforts to Reduce Power Plant Emissions in Ukraine ARLINGTON, VIRGINIA – Reducing emissions by modernizing power production in Ukraine is the goal of a U.S. Trade and Development Agency (USTDA) grant awarded to DTEK LLC (DTEK), a privately-owned Ukrainian power generation company. The feasibility study grant to DTEK will assist its efforts to... USTDA more...
Oct 4, 2012 International Trade Administration ensures market access for small California company under the U.S.-Chile Free Trade Agreement The Department of Commerce’s International Trade Administration (ITA) helped EUR Consulting (EUR), a small California-based engineering company, overcome a foreign trade barrier that unfairly excluded the company from competing for a government procurement opportunity in Chile worth $400,000 to... ITA more...
Oct 2, 2012 Ex-Im Bank Approves $105 Million in Financing for Aquarium in Brazil Washington, D.C. — In a victory for American small business, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a $105-million direct loan to the Brazilian state of Ceará to finance the export of American goods and services for the construction of a state-of-the-art aquarium... Ex-Im Bank more...
Oct 2, 2012 Citi, OPIC and Bank Andara Support the Rapid Growth of the Microfinance Sector in Indonesia with $18.5 Million Term Loan Funding Citi Indonesia, the Overseas Private Investment Corporation (OPIC) and Bank Andara announced the closing of a USD 18.5 million term loan to fund the growth and strategy of Bank Andara’s Microfinance business, and to promote the financial inclusion of micro entrepreneurs and small businesses in... OPIC more...
Oct 1, 2012 Ex-Im Approves $118 Million in Financing to Vietnam for Export of Lockheed Martin Satellite Washington, D.C. — The board of the Export-Import Bank of the United States (Ex-Im Bank) voted to authorize a $118 million direct loan to the government of Vietnam for the export of a Lockheed Martin Space Systems Company telecommunications satellite and additional goods and services. The... Ex-Im Bank more...
Sep 28, 2012 Ex-Im Guarantees PNC Loan to Finance Solar Power in Barbados; Supports Small Business Jobs in Five States Washington, D.C. – Ex-Im Bank provided a $6.4 million loan guarantee to finance the export of solar modules from West Coast-based SolarWorld Americas to Williams Industries Inc.-Williams evergreen Ltd. of St. Thomas, Barbados. This project, one of the largest in the Caribbean, includes... Ex-Im Bank more...
Sep 27, 2012 Ex-Im Bank Approves Record-breaking Transaction to Support More Than 18,000 Jobs Washington, D.C. – In its largest job-supporting authorization to date, the board of the Export-Import Bank of the United States (Ex-Im Bank) has approved a $4.975 billion direct loan to Sadara Chemical Company for the export of American goods and services required in the construction of a... Ex-Im Bank more...
Sep 26, 2012 OPIC Board Approves $250 Million for Renewable Energy/SME Lending in Turkey WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $250 million in financing to support investment in renewable energy and energy efficiency projects and small and medium-sized... OPIC more...
Sep 26, 2012 USTDA Grant Supports Clean Energy Distribution in Nigeria LAGOS, NIGERIA – Supporting the development of compressed natural gas (CNG) infrastructure in Nigeria is the goal of a U.S. Trade and Development Agency (USTDA) grant awarded today to Oando Gas & Power Limited. The grant will fund a feasibility study to evaluate the viability of developing... USTDA more...
Sep 25, 2012 OPIC Board Approves $135 Million for Two Investment Funds for India One to invest in SMEs, one in industrial logistics parks WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $135 million in financing for two investment funds that will support... OPIC more...
Sep 25, 2012 Ohio’s Diebold Gains Duty Free Access into India’s $100+ Million IT Market The International Trade Administration’s (ITA) Market Access and Compliance (MAC) Unit recently supported Diebold, a Canton, Ohio-based manufacturer of automated teller machines (ATMs), in its efforts to overcome an unfair cost of doing business in India’s IT sector. Why it matters: Though... International Trade Administration more...
Sep 25, 2012 Garmin Marine Navigation GPS Units Navigate Turkish Customs The International Trade Administration’s (ITA) Market Access and Compliance (MAC) unit worked with Garmin of Olathe, Kansas, to make sure its $1.5 million worth of self-certified marine navigational GPS units cleared Turkish customs. Garmin products were improperly held up for failing to meet... ITA more...
Sep 22, 2012 OPIC Selects MY VINH INVESTMENT CONSULTANCY Co., Ltd as Originator in Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected MY VINH INVESTMENT CONSULTANCY Co., Ltd, an international capital investment consultancy firm with headquarters based in Vietnam, to serve as an originator for a growing alliance with the private sector designed to... OPIC more...
Sep 22, 2012 OPIC Selects Innovex Development Consulting Limited as Originator in Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected INNOVEX Development Consulting Limited, a Pan-African advisory and assurance services firm based in Dar es Salaam, Tanzania, to serve as an originator for a growing alliance with the private sector designed to... OPIC more...
Sep 22, 2012 OPIC Selects Hamman Marketing Associates as Originator in Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected Hamman Marketing Associates of Johnson City, TN, an international consulting and business development firm, to serve as an originator for a growing alliance with the private sector designed to support small and... OPIC more...
Sep 18, 2012 Ex-Im Authorizes $900,000 in Export Insurance to Back Texas Small Business's Aircraft Sale in Brazil; Supports 135 Jobs in Texas Washington, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) has authorized credit insurance to support the export by Air Tractor Inc. of nearly $900,000 worth of American-made crop-spraying aircraft to a biofuel and soybean grower in Brazil. This Bank-supported export sale is... Ex-Im Bank more...
Sep 17, 2012 OPIC Board Approves $270 Million for Electricity Project in Jordan 240MW plant to provide reliable energy during peak usage periods WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $270 million in financing for construction of an approximately... OPIC more...
Sep 17, 2012 OPIC Board Approves $250 Million for 60MW Solar Power Project in South Africa Will displace 140,000 tons of GHG emissions in first year alone; supports country’s Black Economic Empowerment Program WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved up to $250... OPIC more...
Sep 14, 2012 OPIC Board Approves $119.5 Million in Insurance to Improve Efficiency in Ghana's Agricultural Sector New equipment, facilities and monitoring will enhance food security, support Ghana’s effort to become regional breadbasket WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $119.5... OPIC more...
Sep 13, 2012 OPIC Board Approves $360 Million for Investment Funds Targeting Consumer Populations in Africa, Indonesia & Russia Will tap middle-market opportunities in undercapitalized countries; funds’ combined target capitalization is $1.2 billion WASHINGTON, D.C. – Emerging middle classes in Africa, Indonesia and Russia – all fast-growing markets with lucrative return potential – received a boost today when the... OPIC more...
Sep 10, 2012 OPIC and Abraaj Capital Sign Commitment to Regional Small and Medium Enterprise Fund During Egypt Trip Aureos, Abraaj Capital’s global SME platform, will leverage OPIC’s $150 million to create a $400 million regional SME financing vehicle OPIC’s investment in the Fund fulfills President Obama’s pledge made at historic Cairo speech CAIRO, Egypt – The Overseas Private Investment... OPIC more...
Sep 10, 2012 USTDA Partners with SAWACO to Improve Ho Chi Minh City's Water Supply HO CHI MINH CITY, VIETNAM –At a ceremony in Ho Chi Minh City, USTDA awarded a $593,660 grant to upgrade SAWACO's Information and Communications Technology (ICT) Strategy and Implementation Plan. The grant was signed by Robert Ogburn, Acting Consul General of the U.S. Consulate in Vietnam and Tran... USTDA more...
Sep 10, 2012 USTDA Supporting Expanded ICT Infrastructure in Egypt Developing the Environment for Long-Term Sustainable Development CAIRO, EGYPT –Today, Mr. Carl B. Kress, USTDA Regional Director for the Middle East and North Africa (MENA), and Ms. Heather Lanigan, Country Manager for North Africa, joined a U.S. Egypt Business Council delegation of over 100... USTDA more...
Sep 7, 2012 Ex-Im Approves $2 Billion in Financing for Nuclear Power Plant in UAE Project will Support 5,000 U.S. Jobs in 17 States Washington, D.C. – In a decision that will support thousands of American jobs, the board of the Export-Import Bank of the United States (Ex-Im Bank) has authorized a $2 billion direct loan to the Barakah One Company of the United Arab... Ex-Im Bank more...
Sep 6, 2012 USTDA Supports Health Telecommunications in Romania BUCHAREST – The U.S. Trade and Development Agency (USTDA) awarded a grant to the Romanian Ministry of Health (MOH) for the deployment and implementation of health telecommunications solutions for ten Romanian hospitals. The $422,786 grant will support the development of a feasibility study on... USTDA more...
Aug 31, 2012 Labor Day 2012 Sees More Than 276,000 Jobs Supported by Export Financing Provided by Ex-Im Bank WASHINGTON, DC --- As Americans celebrate the unofficial end of summer this Labor Day, more than 276,000 American workers and their families are benefitting from jobs that are being supported by export financing from the Export-Import Bank of the United States (Ex-Im Bank). "Export-intensive... Ex-Im Bank more...
Aug 24, 2012 Ex-Im Approves more than $66 Million in Financing for Export of Power-Generation Equipment to Turkey Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) has authorized a a $66.3 million guarantee in favor of UPS Capital Business Credit's loan to Bis Enerji Elektrik Uretim AS (Bis) of Turkey for the export of American power-generation equipment to the Republic of Turkey.... Ex-Im Bank more...
Aug 21, 2012 OPIC Loan Supports First Renewable Energy Biomass Plant to Supply Pakistani Grid WASHINGTON, D.C. – Pakistan will obtain its first grid-connected independent power project using agricultural waste-burning technology thanks to a loan from the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution. Using locally-procured... OPIC more...
Aug 16, 2012 USTDA Promotes Integrated Gas Production and Processing in Kazakhstan Supports JSC KazTransGas' Plan to Expand Production and Processing of Helium, Nitrogen and Natural Gas ASTANA, KAZAKHSTAN – Today, the U.S. Trade and Development Agency (USTDA) awarded a $626,000 grant to Kazakhstan gas transmission and distribution company, JSC KazTransGas (KTG), to provide... USTDA more...
Aug 15, 2012 First Ex-Im Bank-Supported 787 Aircraft Delivered to Ethiopian Airlines WASHINGTON, D.C. – The delivery of the first Export-Import Bank of the United States-supported Boeing 787 Dreamliner to Ethiopian Airlines was celebrated at a ribbon-cutting ceremony in the main terminal of Washington Dulles International Airport here today. Earlier in May, the Bank approved... Ex-Im Bank more...
Aug 15, 2012 USTDA Supports Ukraine's Efforts to Expand Gas Production KYIV, UKRAINE – Strengthening the energy security of Ukraine is the goal of a grant awarded today to the state-owned Ukrainian natural gas production company UkrGasVydobuvannya (UGV). The grant will provide technical assistance to UGV to assist Ukraine in expanding domestic production of gas and... USTDA more...
Aug 10, 2012 OPIC’s Enterprise Development Network & State Department's Global Entrepreneurship Program Partner to Promote Growth in Developing Countries WASHINGTON, D.C. – The Overseas Private Investment Corporation’s Enterprise Development Network (EDN) and the State Department’s Global Entrepreneurship Program (GEP ) announced a formal partnership that will deepen and expand their cooperation in the development of sustainable private sector... OPIC more...
Aug 9, 2012 USTDA Supports Internet Connectivity Expansion in Khayelitsha and Mitchells Plain Townships Outside of Cape Town, South Africa CAPE TOWN, SOUTH AFRICA – Promoting the expansion of internet connectivity in South Africa is the goal of a grant signed yesterday between USTDA Director Leocadia I. Zak and Cape Town Mayor Patricia De Lille. The grant to the City of Cape Town will fund a feasibility study that will evaluate the... USTDA more...
Aug 9, 2012 Ex-Im Bank Approves Record $1.5 Billion in Financing of U.S. Exports to Sub-Saharan Africa in First Three Quarters of FY 2012 Ex-Im Bank Expands Cover Policy in Cameroon, Ethiopia, Tanzania and Angola WASHINGTON, D.C. – In the first three quarters of FY 2012, the Export-Import Bank of the United States (Ex-Im Bank) approved a historic $1.5 billion in financing to support U.S. exports to sub-Saharan Africa,... Ex-Im Bank more...
Aug 7, 2012 Ex-Im Bank To Assist in Financing Up to $2 Billion of U.S. Exports to South Africa's Energy Sector Ex-Im Bank Signs Agreement With Industrial Development Corp. of South Africa JOHANNESBURG, SOUTH AFRICA: The Export-Import Bank of the United States (Ex-Im Bank) and the Industrial Development Corp. of South Africa Ltd. (IDC) today signed a Declaration of Intent (DoI) to help advance the... Ex-Im Bank more...
Aug 7, 2012 USTDA Announces Aviation Initiative for South Africa in Conjunction with U.S.-South Africa Business Summit Director Zak Joined by U.S. Industry and South African Aviation Leaders JOHANNESBURG, SOUTH AFRICA – Yesterday, USTDA Director Leocadia I. Zak announced the creation of an Aviation Initiative for South Africa in conjunction with the U.S.-South Africa Business Summit hosted by the U.S.... USTDA more...
Aug 3, 2012 Ex-Im Approves $32.1 Million in Financing For Export of U.S. Wind Blades to Brazil Washington, D.C. – In line with its congressional mandate to increase support for renewable-energy exports, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a $32.1 million loan guarantee to Wind Power Energia S.A. of Sao Paulo, Brazil, for the purchase of wind turbine... Ex-Im Bank more...
Aug 3, 2012 Ex-Im Bank Sets New Record of $500 Million in Export Financing for Minority-Owned and Woman-Owned Businesses WASHINGTON, D.C. --- This fiscal year for the first time, the Export-Import Bank of the United States (Ex-Im Bank) has set an all-time single-year record of more than $500 million in export financing for minority-owned and woman-owned businesses in the United States. The Bank’s financing has... Ex-Im Bank more...
Aug 1, 2012 USTDA Provides Technical Assistance for a National Emergency Network in Chile SANTIAGO, CHILE – Yesterday, the U.S. Trade and Development Agency (USTDA) awarded a $514,548 grant to the Undersecretariat of Telecommunications (Subtel) of the Government of Chile to provide technical assistance for the planning of a National Emergency Network (NEN). The grant was signed at the... USTDA more...
Jul 27, 2012 OPIC Selects BMA Capital Management, LLC as Originator in Enterprise Development Network WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected BMA Capital Management, LLC , a New Bedford, Massachusetts-based business and investment advisory firm dedicated to linking viable small and medium-sized... OPIC more...
Jul 25, 2012 USTDA Supports Airport Network Expansion and Modernization in Brazil SAO PAULO, BRAZIL – Today, the U.S. Trade and Development Agency (USTDA) awarded a $345,060 grant to the Bahia State Infrastructure Secretariat (Secretaria de Infrastructure do Estado Bahia / SEINFRA) to support the development of a roadmap and implementation plan for the modernization and... OPIC more...
Jul 24, 2012 Ex-Im Approves $64.9 Million in Financing for Water-Supply System in Sri Lanka WASHINGTON, D.C. - For the first time since 2008, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a sovereign transaction – a $64.9 million, 12-year direct loan – to the Democratic Socialist Republic of Sri Lanka to finance the design and construction of the Badulla,... Ex-Im Bank more...
Jul 23, 2012 Ex-Im Bank Approves More Than $1.2 Billion in Financing for the Export of U.S. Satellites to Mexico and Australia Transactions Support Thousands of American Jobs WASHINGTON, D.C. - The Export-Import Bank of the United States (Ex-Im Bank) approved two separate transactions totaling more than $1.2 billion to finance the export of American-made telecommunications satellites to Mexico and Australia.... Ex-Im Bank more...
Jul 19, 2012 OPIC/Terra Global REDD Insurance Project in Cambodia Wins Sustainable Forestry Award WASHINGTON, D.C. – The first political risk insurance contract for a Reduced Emissions from Deforestation and Degradation (REDD) project, provided by the Overseas Private Investment Corporation (OPIC) to Terra Global Capital for a project in Cambodia, has been awarded the Sustainable Forestry... OPIC more...
Jul 18, 2012 Ex-Im Approves $57.3 Million in Financing for Renewable-Energy Exports to India WASHINGTON, D.C. - The Export-Import Bank of the United States (Ex-Im Bank) has authorized a pair of loans totaling $57.3 million to Solar Field Energy Two Private Ltd. and Mahindra Surya Prakash Private Ltd., respectively, to finance the export of American solar panels and ancillary services to... Ex-Im Bank more...
Jul 13, 2012 USTDA Supports Data Center Development in Egypt Feasibility Study Will Guide Investment in New Data Center with Cloud Computing Services CAIRO, EGYPT – Today, USTDA partnered with the Egyptian private sector company Raya Holding for Technology and Communications S.A.E. to provide a feasibility study grant that will support Raya’s... USTDA more...
Jul 12, 2012 OPIC Selects Alexandria Exim, LLC as Originator In Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected Alexandria Exim, LLC, an investment and project finance consulting company, to serve as an originator for a growing alliance with the private sector designed... OPIC more...
Jul 12, 2012 OPIC Selects GATE Global Impact as Originator In Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected GATE Global Impact, a New York-based financial services company, to serve as an originator for a growing alliance with the private sector designed to support... OPIC more...
Jul 10, 2012 OPIC Selects Cross Border Markets LLC As Originator In Enterprise Development Network WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected Cross Border Markets LLC, an emerging market debt financing and advisory organization based in Westchester County, New York, to serve as an originator for a... OPIC more...
Jun 28, 2012 Ex-Im Approves $75.7 Million in Financing For Export of U.S. Helicopters to Brazil Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $75.7 million loan guarantee for Líder Taxi Aéreo S.A.—Air Brasil that will support the export of three Sikorsky Aircraft Corporation S-92® helicopters to Brazil. Ex-Im Bank 's support enabled... Ex-Im Bank more...
Jun 26, 2012 President Obama Signs Waiver Allowing Ex-Im Bank to Move Forward with Export Financing for Vietnam Communications Satellite Washington, D.C. - The White House on Monday issued a Presidential Determination on Vietnam by President Barack Obama. The president's action clears the way for the Export-Import Bank of the United States (Ex-Im Bank) board of directors to move forward with a $125.8 million direct loan to Vietnam... Ex-Im Bank more...
Jun 26, 2012 USTDA Supports Smart Grid Implementation Efforts in Mexico MEXICO CITY – Today, the U.S. Trade and Development Agency (USTDA) awarded a $405,000 grant to the Comisión Reguladora de Energía (CRE) to support the development of a regulatory framework for smart grid implementation in Mexico. The grant was signed at the U.S. Embassy in Mexico City by CRE... USTDA more...
Jun 25, 2012 Ex-Im Approves $1.2 Billion in Export Financing to Pemex, Supporting 8,500 Jobs in Texas, California. Louisiana and Elsewhere Pemex To Offer Ex-Im Guaranteed Bond Issuances to Capital Markets Washington, D.C. - The Export-Import Bank of the United States (Ex-Im Bank) has authorized $1.2 billion in export financing in four separate transactions to support the export of U.S. goods and services to Petroleos... Ex-Im Bank more...
Jun 22, 2012 Ex-Im Bank Approves More Than $170 Million in Export Financing for Aerovias de Mexico Deal Benefits Boeing, Delta, Honeywell and Others Washington, D.C. – The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) yesterday approved two final commitments aggregating $171 million in export financing for Aerovias de Mexico S.A. de C.V. (Aeroméxico).... Ex-Im Bank more...
Jun 22, 2012 OPIC Board Approves $66 Million For Investment Fund For SMEs In Brazil WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S Government’s development finance institution, approved $66 million in financing for a new investment fund designed to provide much-needed growth capital to small and medium-sized enterprises... OPIC more...
Jun 21, 2012 Ex-Im Bank and Sberbank Reach $1 Billion Agreement to Increase U.S. Exports and Trade with Russia ST. PETERSBURG, RUSSIA - The Export-Import Bank of the United States (Ex-Im Bank) and Sberbank of Russia, the largest financial institution in Russia and the CIS, today signed a $1 billion Memorandum of Understanding (MOU) to facilitate increasing U.S. exports of goods and services to Russia and... Ex-Im Bank more...
Jun 20, 2012 Citi Commercial Bank Approves Nearly $1 Million To Finance Texas Small-Business Exports Under Ex-Im Bank's Medium-Term Delegated Authority Program WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) today announced that Citi Commercial Bank has approved its first transaction under Ex-Im Bank's Medium-Term Delegated Authority Program (MTDA), an initiative to expedite export financing for U.S. small businesses.... Ex-Im Bank more...
Jun 20, 2012 OPIC Board Approves $75 Million For First Mezzanine Investment Fund SMEs in Central and Eastern Europe to benefit; target capitalization of €250 million WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $75 million in financing for the first... OPIC more...
Jun 20, 2012 OPIC Board Approves Up To $100 Million For Real Estate Investment Fund For Sub-Saharan Africa WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved up to $100 million in financing for an investment fund that will produce quality commercial real estate in sub-Saharan Africa. The... OPIC more...
Jun 19, 2012 OPIC Board Approves $175 Million For Two Renewable Energy Investment Funds TPG and GEF to help bring latest technologies to reduce environmental impact in Latin America, Southeast Asia & Sub-Saharan Africa WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution,... OPIC more...
Jun 18, 2012 Overseas Private Investment Corporation and Marriott Partner to Develop Sustainable Hotels in Emerging Markets Rio de Janeiro, Brazil – June 18, 2012 – At the RIO+20 United Nations Conference on Sustainable Development, Marriott International, Inc. (NYSE: MAR) and the Overseas Private Investment Corporation (OPIC) announced a partnership to support new environmentally-sustainable hotel development in... OPIC more...
Jun 18, 2012 OPIC Board Approves $185 Million For Two Solar Power Projects In Peru WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution, approved $185 million in financing for the construction of two 20-megawatt solar power plants in Peru that will produce nearly 100 million... OPIC more...
Jun 14, 2012 OPIC Board Approves $65 Million for Investment Fund for South African Small Businesses Supports Country's Black Economic Empowerment Program; Target Capitalization of $300 Million WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $65 million in financing for a... OPIC more...
Jun 14, 2012 OPIC Board Approves $72 Million for Internet Expansion Project in East Africa Will Bring Affordable High-speed Service to Underserved Middle-class Markets WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $72 million in financing to help bring... OPIC more...
Jun 7, 2012 Ex-Im Bank Approves Increased Loan Guarantee For Over 200,000 Ford Motor Company Vehicles, Export Sales Top $8.5 Billion WASHINGTON, D.C. – Ford Motor Company of Dearborn, Michigan was recently approved by the Export-Import Bank of the United States (Ex-Im Bank) board of directors for a working capital loan guarantee of $300 million. This represents a $50 million increase compared to an existing $250 million... Ex-Im Bank more...
May 30, 2012 Ex-Im Bank Provides $48.6 Million in Financing for U.S. Green-Technology Exports to Biogas Project in Brazil Export Generates 165 New Jobs in Seven States; Project Helps Convert Environmental Hazard Into Green-Energy Source WASHINGTON, D.C.: FirmGreen Inc., a small renewable-energy company based in Newport Beach, Calif., and other U.S. green-technology suppliers are benefiting from a $48.6... Ex-Im Bank more...
May 25, 2012 Ex-Im Bank Announces New Policy to Increase U.S. Aviation-Industry Exports WASHINGTON, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) today announced a new policy to increase U.S. aviation-industry exports. Ex-Im will now finance transactions of U.S.-produced goods and services for aftermarket (post-manufacturing) use on foreign-manufactured aircraft.... Ex-Im more...
May 24, 2012 USTDA Supports Coal Emissions Reduction in China JINAN, CHINA – Today, USTDA continued its support of pollution reduction in China through funding a feasibility study and pilot project on the use of advanced technologies to reduce nitrous oxide (NOx) and other harmful emissions from coal-fired power plants. The $367,960 grant to the Huaneng... USTDA more...
May 22, 2012 OPIC Completes Financing for First Private Equity Fund Investing in Palestinian Companies WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, concluded an agreement providing $30 million in financing to the first private equity fund designed to invest in Palestinian companies. The fund will inject much-needed... OPIC more...
May 18, 2012 Ex-Im Bank Signs Agreement with Bancóldex To Increase U.S.-Colombian Trade WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) and Bancóldex have signed a memorandum of understanding (MOU) to work together to facilitate trade between the United States and Colombia. Ex-Im Bank and Bancóldex have agreed to exchange information on trade and... Ex-Im Bank more...
May 17, 2012 USTDA Launches 'Making Global Local' Initiative Announces Nine Founding Partners ARLINGTON, VIRGINIA – In celebration of World Trade Day, the U.S. Trade and Development Agency launched Making Global Local, an initiative designed to connect towns and cities across the country with USTDA's export-promoting programs. "By building... USTDA more...
May 15, 2012 USTDA Supports Capacity Improvement for the Karachi-Lahore Railway KARACHI, PAKISTAN – Today, USTDA conferred a grant to Premier Mercantile Services (PMS), a private sector port and freight logistics operator in Pakistan, for expert assistance to facilitate the acquisition and operation of a fleet of locomotives on the existing Karachi-Lahore Railway. This... USTDA more...
May 14, 2012 Ex-Im Bank Approves $350 Million Loan Guarantee to Support Textron's Exports of Cessna Aircraft and Bell Helicopters GENEVA, SWITZERLAND: The Export-Import Bank of the United States (Ex-Im Bank) has approved a guarantee of a $350 million loan facility to provide the funds to assist Textron Inc. in financing the exports by two of its companies, Cessna Aircraft Company and Bell Helicopter Textron. The guaranteed... Ex-Im Bank more...
May 14, 2012 Ex-Im Bank to Leverage Industry Expertise to Expedite Export Financing for Business Aircraft and Helicopters GENEVA, SWITZERLAND: U.S. manufacturers of business aircraft and helicopters will benefit from a new process to assess credit risks and expedite foreign-buyer financing from the Export-Import Bank of the United States (Ex-Im Bank). Ex-Im Bank will work with qualified industry experts to perform... Ex-Im Bank more...
May 14, 2012 OPIC Commits $87.5 Million to First Fund-of-Funds, Supporting Impact Investment WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today signed a commitment letter pledging $87.5 million in financing for the first fund-of-funds in the agency’s portfolio, the latest step in OPIC’s support for the... OPIC more...
May 8, 2012 Ex-Im Bank Approves Nearly $3 Billion in Export Financing for U.S. Goods and Services to Australia Pacific LNG Project WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $2.95 billion direct loan to support U.S. exports to the Australia Pacific liquefied natural gas (LNG) project. The transaction is Ex-Im’s second-largest single-project financing in history and is also the... Ex-Im Bank more...
May 2, 2012 Ex-Im Bank, Development Bank of Mongolia Sign MOU to Facilitate Trade Partnership Between Countries Ex-Im Chairman conducting first business development mission to Mongolia Ulaanbaatar, Mongolia: The Export-Import Bank of the United States (Ex-Im Bank) and the Development Bank of Mongolia signed a memorandum of understanding (MOU) on May 1st to facilitate trade opportunities between the... Ex-Im Bank more...
Apr 27, 2012 Ex-Im Bank Renews $100 Million Africa Insurance Initiative Ex-Im Bank Renews $100 Million Africa Insurance Initiative Cover Policy Expansions Coming in Three African Countries Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) today announced a three-year renewal of the Bank's Short-Term Africa Initiative (STAI) that... Ex-Im Bank more...
Apr 26, 2012 USTDA Supports Programs to Strengthen Electricity Distribution in Jordan Opens Market for Increased Exports of Smart Grid Technology from United States AMMAN, JORDAN – USTDA awarded three grants to Jordanian electricity distribution companies today, to support feasibility studies for smart grid upgrades across the country. The studies will design smart metering... USTDA more...
Apr 24, 2012 USTDA Supports the Expansion of Colombia's River Port Infrastructure Helps to Build the Infrastructure for Increased Trade CARTAGENA, COLOMBIA – Today, USTDA awarded a grant to Terminal Fluvial Andalucía, S.A. (Andalucia River Terminal or "TFA") for a feasibility study to determine the technical and financial viability of a new inland river port along the... USTDA more...
Apr 20, 2012 Ex-Im Bank Approves $360 Million for Export Financing Benefiting Small Business Suppliers of Navistar Intl. Corp The Export-Import Bank of the United States (Ex-Im Bank) today announced that the board of directors has approved $360 million in supply chain financing to benefit suppliers – many of them small businesses – of Navistar International Corporation (Navistar). Navistar is a manufacturer and marketer... Ex-Im Bank more...
Apr 20, 2012 USTDA Continues Its Support of Azerbaijan's Civil Aviation Safety and Security Oversight WASHINGTON, D.C. – Strengthening civil aviation safety and security oversight in Azerbaijan is the goal of a grant awarded today to the State Civil Aviation Administration of the Republic of Azerbaijan (SCAA). The grant will provide a second phase of technical assistance to the SCAA that will... USTDA more...
Apr 13, 2012 Ex-Im Bank Approves $80 Million in Export Financing for Solar Project in India Ex-Im Bank Financing Supports U.S. Jobs in Eight States Washington, D.C. – Supporting U.S. jobs at companies in eight states, the board of directors of the Export-Import Bank of the United States (Ex-Im Bank) approved an $80.32 million direct loan for the purchase of concentrated solar... Ex-Im Bank more...
Apr 13, 2012 Export-Import Bank Annual Conference Highlights U.S. Export Growth, Need for Financing New Export Data Announced, President Clinton Calls for Ex-Im’s Reauthorization Washington, D.C. – The significance of U.S. export growth to America’s economy and the need for continued availability of export financing were key themes highlighted at the 37th annual conference of the... Ex-Im Bank more...
Apr 13, 2012 OPIC Selects Nice Inc. as Originator in Enterprise Development Network WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has selected NICE Inc., an international business development and investment consultancy firm focusing on Asia and the Pacific regions, to serve as an originator for a growing alliance with the private sector designed to... OPIC more...
Apr 12, 2012 Importance of U.S. Competitiveness is Center Stage at Export-Import Bank Annual Conference Chairman Hochberg responds to Bank critics Washington, D.C. – President Bill Clinton today gave the keynote address at the Export-Import Bank of the United States' (Ex-Im Bank) 37th annual conference, "Ex-Im –Your Competitive Edge." More than 1,200 people were in attendance, including... Ex-Im Bank more...
Apr 11, 2012 Hispasat Canarias S.L.U. Communications Satellite Transaction is Awarded Ex-Im Bank Deal of the Year Transaction supporting 262 American Jobs Washington, D.C. – Hispasat Canarias, S.L.U. of Spain, a well-known European satellite operator and leader in the distribution of content to Spanish and Portuguese-speaking markets, will receive the 2012 Deal of the Year award from the... Ex-Im Bank more...
Apr 10, 2012 Wells Fargo Awarded Ex-Im Bank Lender of the Year Wells Fargo Activity Totals $1.1 billion on Combined Basis in 2011 Washington, D.C. – Wells Fargo & Company (NYSE: WFC) will receive the Lender of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award will be presented at the Bank's 37th Annual... Ex-Im Bank more...
Apr 10, 2012 Northern Power Systems Is Named Ex-Im Bank Renewable-Energy Exporter of the Year Washington, D.C. – Northern Power Systems (NPS), a company that designs, manufactures and sells wind turbines to the global marketplace from its headquarters in Vermont, will receive the Renewable-Energy Exporter of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The... Ex-Im Bank more...
Apr 10, 2012 Export Finance Assistance Center of Washington Awarded Ex-Im Bank City-State Partner of the Year Washington, D.C. – The Export Finance Assistance Center of Washington (State) (EFACW) will receive the City-State Partner of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award will be presented at the Bank's 37th Annual Conference, “Ex-Im –Your Competitive... Ex-Im Bank more...
Apr 10, 2012 Black & Veatch Awarded Ex-Im Bank Sub-Saharan Africa Exporter of the Year Ex-Im financing is sustaining nearly 300 Black & Veatch jobs Washington, D.C. – Black & Veatch, a global engineering, consulting and construction company headquartered in Overland Park, Kansas, will receive the Sub-Saharan Africa Exporter of the Year award from the Export-Import... Ex-Im Bank more...
Apr 9, 2012 USTDA Launches U.S.-Brazil Aviation Partnership Public-Private Partnership will Connect Brazil and U.S. Aviation Sectors WASHINGTON, DC – Today, on the occasion of the visit of President Dilma Rousseff to the United States, the U.S. Trade and Development Agency (USTDA) joined with the U.S. Department of State, the Federal Aviation... USTDA more...
Apr 9, 2012 Trade Acceptance Group Awarded Ex-Im Bank Broker of the Year Minnesota Company Helps Small Business Exporters Washington, D.C. – Trade Acceptance Group, a trade finance company headquartered in Minneapolis with offices in Chicago, will receive the Broker of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award will be... Ex-Im Bank more...
Apr 9, 2012 Ceilings Plus Named Ex-Im Bank Small Business Exporter of the Year Growing Export Sales Helps California Company Add More Than 70 Jobs Washington, D.C. – Ceilings Plus, a California small business manufacturer and installer of high-quality aluminum and wood ceilings and wall panels, will receive the Small Business Exporter of the Year award from the... Ex-Im Bank more...
Apr 5, 2012 Ex-Im Bank Approves $84.8 Million for Brazilian Airline Maintenance Ex-Im financing supports highly-skilled Delta jobs in Atlanta Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) today announced that the board of directors has approved a Final Commitment for an $84.8 million loan guarantee to VRG Linhas Aereas S.A. (GOL), a... Ex-Im Bank more...
Mar 30, 2012 OPIC Board Approves $400 Million for SME Lending in Turkey, With Focus on Women Entrepreneurs WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $400 million in financing to support lending by one of Turkey’s leading banks to small and medium-sized enterprises (SMEs), a critical... OPIC more...
Mar 30, 2012 OPIC Board Approves $400 Million to Support Local Financial Institutions' Lending to SMEs, Renewable Energy & Mortgage Finance WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved a $400 million framework agreement which will enable Wells Fargo to provide U.S. dollar funding to financial institutions in emerging markets so that they can expand their lending to small and... OPIC more...
Mar 30, 2012 USTDA Supports Vessel Traffic Improvements at El Salvador's Port La Union ARLINGTON, VA – Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to El Salvador's Comisión Ejecutiva Portuaria Autónoma (CEPA), to support a technical assistance program for the development of vessel traffic improvements at the Port of La Unión. CEPA, the Salvadoran government... USTDA more...
Mar 30, 2012 USTDA Funds Feasibility Study for Water Sector Infrastructure Modernization in Brazil FORTALEZA, BRAZIL – Today, the U.S. Trade and Development Agency (USTDA) announced the signing of a $579,895 grant agreement with the Ceara Water and Sewage Treatment Company (Companhia de Água e Esgoto do Ceará – CAGECE) for a Tertiary Wastewater Treatment Plants and Automated Water and Sewage... USTDA more...
Mar 29, 2012 OPIC Board Approves $250 Million to Expand Renewable Energy & Infrastructure Lending in India Facility with IDFC Provides Much-needed Long-term Credit, Supports U.S.-India Partnership WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $250 million in financing to help... OPIC more...
Mar 29, 2012 OPIC Board Approves $150 Million in Insurance to Rehabilitate Ghanaian Water System Will Help Increase Access to Clean Water from 61 Percent to 85 Percent of Population by 2015 WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $150 million in political risk... OPIC more...
Mar 29, 2012 USTDA Grant Supports Aviation Infrastructure Improvements in Ghana ACCRA, GHANA – The U.S. Trade and Development Agency (USTDA) awarded a grant today to the Ghana Civil Aviation Authority (GCAA) to help create design documents for the construction of the Kotoka International Airport Air Traffic Control Center. The $322,560 grant was signed at the U.S.... USTDA more...
Mar 28, 2012 USTDA Provides Technical Assistance to Brazil to Enhance Aviation Infrastructure RIO DE JANEIRO, BRAZIL – To support planned improvements in air transportation, USTDA has awarded a $485,000 technical assistance grant to the Rio de Janeiro State Transport Secretariat (SETRANS). The technical assistance will update Rio de Janeiro's statewide airport plan and develop a funding... USTDA more...
Mar 27, 2012 USTDA Grant to Assist Romania with Aviation Surveillance Modernization Project BUCHAREST, ROMANIA – The U.S. Trade and Development Agency is awarding a $513,170 technical assistance grant to the Romanian Air Traffic Services Administration (ROMATSA) to evaluate and recommend upgrades to aviation surveillance technology throughout Romania. The technical assistance will... USTDA more...
Mar 26, 2012 USTDA Awards Two Clean Energy Grants on Trade Mission to India NEW DELHI, INDIA – The U.S. Trade and Development Agency (USTDA) today signed two grants to support U.S. business developments in India’s clean energy infrastructure development. Henry Steingass, Regional Director for USTDA, signed the agreements at a luncheon hosted by U.S. Commerce Secretary... USTDA more...
Mar 26, 2012 USTDA Grant Supports Recycling and Clean Energy in Ukraine KYIV, UKRAINE – The U.S. Trade and Development Agency (USTDA) is supporting increased recycling and clean energy development in Sumy, Ukraine, through a grant awarded yesterday to SVIT-M, a Ukrainian private municipal waste recycling company. U.S. Ambassador John Tefft signed the $350,000... USTDA more...
Mar 23, 2012 USTDA Supports Morocco's Renewable Energy Goals RABAT, MOROCCO – To support the development of a 1.5 megawatt solar photovoltaic (PV) rooftop pilot project in Mohammedia, Morocco, USTDA awarded $666,619 for a feasibility study to the Moroccan National Company for Transportation and Logistics (SNTL). The grant was signed during a Chamber of... USTDA more...
Mar 23, 2012 USTDA Study to Support Safety and Security at the Port of Casablanca CASABLANCA, MOROCCO – To ensure the safe operation of the largest port in Morocco, USTDA is funding a $571,458 feasibility study to develop recommendations for safety and security related upgrades to the Port of Casablanca. The grant for the study was awarded to Marsa Maroc, a prime port operator... USTDA more...
Mar 22, 2012 USTDA Reaffirms Commitment to Bilateral Cooperation in the Development of China's Aviation Sector BEIJING, CHINA – USTDA reaffirmed its support of the ongoing U.S.-China Aviation Cooperation Program (ACP) by committing to support the eighth phase of the successful partnership between USTDA, the Federal Aviation Administration (FAA), U.S. industry and the Civil Aviation Administration of China... USTDA more...
Mar 21, 2012 USTDA Supports Water Efficiency Service Improvement in Northern Brazil Brasilia, BRAZIL – Today, the U.S. Trade and Development Agency (USTDA) awarded a $485,173 grant to Aguas do Amazonas, S.A. (ADA) for a Water Efficiency Improvement Project feasibility study. The grant was signed at the U.S. Embassy in Brasilia, by the company’s CEO Vicente Ferreira Linhares... USTDA more...
Mar 12, 2012 Export-Import Bank Issues over 200 Express Insurance Policies in First Year Small Businesses across the Country Benefit from Streamlined Application for Short-Term Export Credit Insurance WASHINGTON, D.C. --- When Martin Weinberg, President of Xamax Industries of Seymour, Connecticut, was encouraged by his accounting firm to look to the Export-Import Bank of the... Ex-Im Bank more...
Mar 12, 2012 OPIC Selects Inter-Afrique Capital Ltd. as Originator in Enterprise Development Network WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has selected Inter-Afrique Capital Limited, a financial services and advisory company based in Ghana, to serve as an originator for a growing alliance with the private sector designed to support small and medium enterprises... OPIC more...
Mar 9, 2012 OPIC Selects KBK Enterprises as Originator in Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected KBK Enterprises to serve as an Originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs) expanding into emerging markets overseas. The alliance, the... OPIC more...
Feb 27, 2012 Ex-Im Bank Approves $83 Million in Export Financing for Sale of U.S. Locomotives and Mining Equipment to Canada Transaction Supports 500 American Jobs Across Six States WASHINGTON, D.C. --- The Export-Import Bank of the United States (Ex-Im Bank) approved an $83.1 million loan guarantee to support the sale of six American-made locomotive parts, railroad cars, and mining equipment to the Iron Ore... Ex-Im Bank more...
Feb 23, 2012 OPIC Selects Fronteira Global as Originator in Enterprise Development Network WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected Fronteira Global, a specialized investment advisory firm focusing on South America, the Middle East, and Africa, to serve as an originator for a growing... OPIC more...
Feb 17, 2012 Ex-Im Bank Announces $740 Million Supply-Chain Program with The Boeing Company Everett, Wash. – The Export-Import Bank of the United States (Ex-Im Bank) announced today that The Boeing Company is participating in the Bank's Supply-Chain Finance Guarantee program, which provides competitively priced working capital financing to suppliers of goods or services to U.S.... Ex-Im Bank more...
Feb 17, 2012 Ex-Im Bank Establishes $100 Million Revolving Credit Facility for Small Business Exporters Ex-Im Bank Chairman Joins President Obama in Seattle for Announcement Seattle, Wash. – More small business exporters throughout the United States will have access to revolving credit, thanks to a new product unveiled today by the Export-Import Bank of the United States (Ex-Im Bank). Fred P.... Ex-Im Bank more...
Feb 13, 2012 ITA helps California Company Overcome Trade Barrier That Threatens Its Business Operations in Japan The International Trade Administration’s (ITA) Market Access and Compliance (MAC) Unit recently helped a California-based U.S. construction firm overcome a foreign trade barrier that risked the company’s operations in Japan’s multi-billion dollar construction market. Why it Matters:... ITA more...
Feb 6, 2012 Ex-Im Bank Chairman in Vietnam to Promote Closure of Nearly $1.5 Billion in Critical Infrastructure Projects Financing Supports the Purchase of American Goods and Services Ho Chi Minh City, Vietnam – Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), is leading a business-development mission in Vietnam February 5 – 8, 2012. Hochberg will meet with... Ex-Im Bank more...
Jan 27, 2012 OPIC and AGF Enter New Agreement to Expand Small Business Lending in Afghanistan WASHINGTON, D.C. – Small businesses in Afghanistan, a vital engine of economic growth in the country but one that has lacked access to credit, received a boost today when the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and Afghan Growth... OPIC more...
Jan 20, 2012 Ex-Im Bank OKs $6 Billion in Small Business Export Financing During First Year of Bank's Nationwide "Global Access" Outreach Initiative Washington, D.C. -- Ex-Im Bank is celebrating its successful first year of Global Access for Small Business (Global Access), the agency's small business outreach initiative. This ambitious public-private partnership to engage more companies in exporting was launched at the U.S. Chamber of... Ex-Im Bank more...
Jan 18, 2012 Submission of False Export Documents Lands Florida Resident in Jail The Office of Inspector General (OIG) for the Export-Import Bank of the United States (Ex-Im Bank) announced today that Miami resident, Mario Francisco Mimbella, was sentenced to six months in prison for his role in a scheme to defraud the Ex-Im Bank of $496,869. The sentencing supports ongoing... Ex-Im Bank more...
Jan 11, 2012 Ex-Im Bank Approves Export Financing for Power Generation Equipment Supporting 825 Jobs at Siemens North Carolina Plant $638 Million Sale Contributes to Obama Administration American Jobs Initiative WASHINGTON, D.C. --- The board of directors of the Export-Import Bank of the United States at its Thursday (Jan. 5) meeting approved a $638 million direct loan to finance the sale by Siemens Energy, Inc. of gas... Ex-Im Bank more...
Jan 11, 2012 OPIC Provides $50 Million to SigmaBleyzer Investment Fund for Southeast Europe Agency's First Private Equity Investment in Ukraine Since 2004 WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided $50 million in financing to SigmaBleyzer Southeast European Fund IV, a private equity... OPIC more...
Dec 22, 2011 USTDA Grant Supports Intelligent Transportation System (ITS) Infrastructure in Brazil SAO PAULO, BRAZIL – The U.S. Trade and Development Agency (USTDA) is contributing toward the modernization of Brazil's surface transportation infrastructure through a grant awarded by USTDA yesterday to EcoRodovias, a Brazilian private intermodal logistics and highway concessionaire company.... USTDA more...
Dec 16, 2011 New OPIC Political Risk Insurance Will Cover Investments by Private Equity Funds WASHINGTON, D.C. – Private equity fund investments in emerging markets, where investor prospects are growing far more rapidly than in developed markets, can now be protected by political risk insurance (PRI) arranged by the Overseas Private Investment Corporation (OPIC), the U.S. Government’s... OPIC more...
Dec 9, 2011 OPIC Board Approves $52.5 Million for Maghreb Investment Fund WASHINGTON, D.C. – Businesses in North Africa, where bank financing and private equity were scarce even prior to the Arab Spring, obtained a new source of financial support with the approval by the Board of Directors of the Overseas Private Investment Corporation (OPIC) of $52.5 million in... OPIC more...
Dec 5, 2011 Two New Projects Will Support Turkey's Clean Energy Goals USTDA Signs a Grant for Coal Bed Methane Development and Announces Smart Grid Reverse Trade Mission TURKEY – Today, USTDA announced two activities to support Turkey's efforts to develop new sources of clean and efficient energy. USTDA signed a grant with Hema Natural Energy Resources... USTDA more...
Dec 2, 2011 OPIC Loan Links Micro Borrowers to Clean Energy Products Through Carbon Markets DURBAN, South Africa – Low-income populations’ access to clean energy products such as clean stoves for cooking and heating, water purifiers and solar lighting will be made easier and more affordable through a $10 million loan from the Overseas Private Investment Corporation (OPIC) to a financial... OPIC more...
Dec 2, 2011 USTDA Supports Expansion Plans for Colombia's Largest Airport BOGOTÁ, COLOMBIA – Today, the Special Administrative Unit for Civil Aeronautics of Colombia (also known as Aerocivil) and U.S. engineering services firm T.Y. Lin (Coral Gables, FL) signed a contract to update the master plan for the development of El Dorado International Airport in Bogota. This... USTDA more...
Nov 30, 2011 USTDA Supports Gas Transmission and Distribution Pipeline Development in Nigeria LAGOS, NIGERIA – Improving the gas transmission and distribution infrastructure in Nigeria is the goal of a USTDA grant awarded today to Oando Gas & Power Limited. The grant will fund a feasibillty study for the Nigerian energy company to assess the viability of developing a natural gas... USTDA more...
Nov 23, 2011 USTDA Supports Launch of New Wastewater Treatment System for Cartagena CARTAGENA DE INDIAS, COLOMBIA – Today, USTDA awarded a grant to the Cartagena Water and Sewerage Company (known as ACUACAR) for technical assistance on the start-up of the new, comprehensive wastewater treatment system for the city of Cartagena. The grant was signed on behalf of USTDA by Senior... USTDA more...
Nov 18, 2011 USTDA and U.S. Industry Cooperate to Support Connectivity and Trade in ASEAN Region ARLINGTON, VA – President Obama and his counterparts from the Association of Southeast Asian Nations (ASEAN) announced the U.S.-ASEAN Connectivity Cooperation Initiative, to be implemented by the U.S. Trade and Development Agency (USTDA) in cooperation with the U.S.-ASEAN Business Council and its... USTDA more...
Nov 11, 2011 Ex-Im Bank Establishes Direct Access for Veteran-Owned Small Businesses Seeking Export Financing Washington, DC - The Export-Import Bank of the United States (Ex-Im Bank), today affirmed its strong commitment to veteran's outreach by announcing a direct line for business owners who are armed forces veterans. Former service members who are interested in exporting their products overseas may... Ex-Im Bank more...
Nov 9, 2011 OPIC Signs First Insurance Contract for REDD Carbon Reduction Project Parternship with Terra Global Capital, LLC will protect 64,318 hectares of forest in Cambodia, sequester 8.7 million metric tons of CO2 WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has executed the first political risk insurance contract for a Reduced Emissions from... OPIC more...
Nov 4, 2011 Ex-Im Bank Announces $103.2 Million in Export Financing for Solar Projects in India WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) approved $103.2 million in financing for two more solar transactions in India in the final months of fiscal year 2011. The approvals brought the total number of Indian solar projects that the Bank has financed in FY 2011... Ex-Im Bank more...
Nov 1, 2011 OPIC Board Approves $100 Million for Mortgage Project in Guatemala First Market-wide Mortgage Origination Platform in Country Will Make Homes More Affordable WASHINGTON, D.C. – Affordable home ownership in Guatemala received a boost following the approval of $100 million in financing by the Board of Directors of the Overseas Private Investment Corporation... OPIC more...
Nov 1, 2011 Ex-Im Bank Announces Supply Chain Finance Program with GE Capital Program will help support small - and medium-sized U.S. businesses Washington, DC -- The Export-Import Bank of the United States (Ex-Im Bank) today announced that GE Capital will participate in the Bank's Supply-Chain Finance Guarantee Program, which provides competitively priced working... Ex-Im Bank more...
Oct 27, 2011 In Historic Commitment to Impact Investing, OPIC Board Approves $285 Million for Six Funds Catalyzing $875 Million in Investments More Investments to Follow in 2012 WASHINGTON, D.C. – Impact investing, a fast-growing industry that is drawing a wide range of private investors with the promise of delivering social and environmental benefits to emerging markets while at the same time generating profits, was given an... OPIC more...
Oct 27, 2011 U.S. Grant Supports Air Traffic Efficiency in South Africa PRETORIA, SOUTH AFRICA – The U.S. Trade and Development Agency (USTDA) awarded a grant today to the Air Traffic and Navigation Services Company Limited of South Africa (ATNS), South Africa's state-owned air traffic control and navigation services company. The $758,000 grant will fund a... USTDA more...
Oct 19, 2011 U.S. Ex-Im Bank, Nigerian Ministry of Power Sign Agreement for up to $1.5 Billion to Increase Power Output in Nigeria Ex-Im Financing Will Help Create, Maintain Jobs in Both U.S. and Nigeria ABUJA, NIGERIA --- The Export-Import Bank of the United States (Ex-Im Bank) and the Nigerian Ministry of Power (MOP) today (Oct. 19) signed a Memorandum of Understanding (MOU) aimed at securing up to $1.5 billion of... Ex-Im Bank more...
Oct 13, 2011 OPIC to Provide $16 Million Loan for Wind Power Plant in the Caribbean 5.4 MW Wind Project on St. Kitts First of Kind Deal for Agency WASHINGTON, D.C. –The Overseas Private Investment Corporation, the U. S. Government’s development finance institution, has approved a $16 million loan for the construction of a wind power plant on St. Kitts, which will provide a... OPIC more...
Oct 12, 2011 OPIC Board Approves $250 Million to Develop 51 Solar Projects in Thailand WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $250 million in financing to develop 51 solar power plants in Thailand. This first-of-its-kind project will accelerate the growth of... OPIC more...
Oct 5, 2011 Ex-Im Bank Approves First Financing of U.S. Exports to Tajikistan $80 Million Loan Guarantee Supports Boeing Aircraft Sales to Somon Air WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) is supporting its first transaction in the Central Asian nation of Tajikistan: the purchase of Boeing Next-Generation 737-900ER aircraft by Somon... Ex-Im Bank more...
Sep 30, 2011 American Entertainment Firms Expand Exports into Latin American Markets WASHINGTON –Today, Under Secretary for International Trade Francisco Sánchez signed an Export Trade Certificate of Review for the Latin American Multichannel Advertising Council (LAMAC), which will set the framework for an export joint venture of seven American entertainment firms that will... ITA more...
Sep 29, 2011 SBA Signs Memorandum of Understanding with International Trade Administration and Republic of Turkey WASHINGTON – Marie Johns, Deputy Administrator of the U.S. Small Business Administration, today signed a tri-partite Memorandum of Understanding with the Department of Commerce’s International Trade Administration (ITA) and the Republic of Turkey’s Small and Medium Enterprises Development... Small Business Administration more...
Sep 28, 2011 OPIC Board Approves $150 Million for Solar Solution for Telecom Towers in India Project Will Reduce CO2 Emissions, Create Jobs in U.S. and India WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $150 million in financing to expand the use of solar energy to power telecommunication towers in India, a project that... OPIC more...
Sep 27, 2011 SBA Grants $30 Million to States for Trade, Export Promotion STEP Initiative Will Help Small Businesses Export WASHINGTON -- The U.S. Small Business Administration is providing $30 million in grants to states, territories, and the District of Columbia, to help increase exporting by small businesses during the next 12 months. The grants were authorized... Small Business Administration more...
Sep 26, 2011 OPIC Provides $20 Million Loan for Office Building Project in Pakistan WASHINGTON, D.C. – A $20 million loan from the Overseas Private Investment Corporation (OPIC) will finance the completion of a 28-story office building in Pakistan, helping the country to attract multinational investors by meeting an urgent need for top-quality office space. The property will... OPIC more...
Sep 23, 2011 USTDA Supports Kenya's Efforts to Secure Its Growing Telecommunications Infrastructure NAIROBI, KENYA – Today USTDA awarded a $580,000 grant to Kenya's Ministry of Information and Communications to develop a National Cybersecurity Master Plan. Successful implementation of the cybersecurity plan will improve the safety and security of the Kenyan public's data, and will provide many... USTDA more...
Sep 23, 2011 USTDA Supports Nairobi's Efforts to Modernize its Wastewater Infrastructure NAIROBI, KENYA – On September 19, 2011, USTDA awarded a $371,508 grant to the Ministry of Water and Irrigation of Kenya, acting through the Athi Water Services Board (AWSB), to assess options to modernize the Kariobangi wastewater treatment facility in Nairobi. Successful redevelopment of the... USTDA more...
Sep 23, 2011 USTDA Awards Grant to Support Testing and Evaluation of U.S. Systems ROMANIA – The U.S. Trade and Development Agency awarded a grant today to Romania's General Inspectorate for Emergency Situations (GIES) for a study to evaluate technologies deployed during field emergency response operations. The $400,000 grant was signed at the U.S. Embassy in Bucharest by U.S.... USTDA more...
Sep 22, 2011 OPIC Board Approves $310 Million for Geothermal Project in Kenya WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved up to $310 million in financing for a project that will double the generating capacity of a geothermal power plant in Kenya,... OPIC more...
Sep 20, 2011 Commerce Department Awards $1.9 Million to Stimulate Exports, Create Jobs Acting U.S. Commerce Secretary Rebecca Blank today announced $1.9 million in financial assistance to support projects that increase U.S. exports, create jobs and strengthen American global competitiveness. The funds will be awarded to five non-profit industry organizations and are expected to... ITA more...
Sep 16, 2011 Ex-Im Bank, Vietnam's Ministry of Industry and Trade Sign MOU To Facilitate U.S. Exports To Vietnam Washington, D.C: The Export-Import Bank of the United States (Ex-Im Bank) and Vietnam's Ministry of Industry and Trade (MOIT) have signed a memorandum of understanding (MOU) to facilitate U.S. exports to Vietnam in key sectors such as air transportation, power generation and transmission, and oil... Ex-Im Bank more...
Sep 16, 2011 USTDA Supports Development of Turkey's Growing Energy Sector Signs Three Agreements to Advance Private Sector Power Development TURKEY – Today, USTDA announced three grants that will support the Turkish private sector’s efforts to develop clean sources of energy and promote energy efficiency. The grants, totaling nearly $1 million, are designed to... USTDA more...
Sep 15, 2011 U.S. Grant Supports Safety and Transportation Infrastructure in Indonesia Indonesia’s state owned rail company, to develop a new strategic plan and specific system recommendations for upgrading its rail signaling and telecommunications systems. The $593,954 grant, signed by U.S. Ambassador Scot Marciel and PT KAI President Director Ignasius Jonan in Bandung,... USTDA more...
Sep 14, 2011 USTDA Announces Support for Airport Expansion in Vietnam at APEC Ministerial Meeting SAN FRANCISCO, CA – Today, at the 7th Asia Pacific Economic Cooperation (APEC) Transportation Ministerial Meeting, USTDA Director Leocadia I. Zak signed a grant agreement with the Middle Airports Corporation (MAC) to help expand Chu Lai International Airport, the largest airfield in Vietnam. The... USTDA more...
Sep 2, 2011 Ex-Im Bank Announces Over $455 Million in Project Financing for First Solar's Exports to Canada PERRYSBURG, OHIO: At a factory tour held today at the manufacturing facility of First Solar Inc. in Perrysburg, Ohio, Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank) announced the Bank's authorization of two transactions totaling $455.7 million... Ex-Im Bank more...
Aug 31, 2011 USTDA Supports Solar Power in El Salvador ARLINGTON, VA – USTDA awarded a grant this week to the Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL), El Salvador's national energy utility, to advance solar energy development in El Salvador. The $267,000 grant will fund a feasibility study on a proposed 3 MW grid-connected solar... USTDA more...
Aug 22, 2011 U.S. Grant Supports Aviation Sector Development in Mongolia ULAANBAATAR, MONGOLIA – Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to MIAT Airlines, Mongolia's state-owned air carrier, to develop a new strategic business plan and airline restructuring plan. This grant agreement was concluded during the visit of Vice President Joseph... USTDA more...
Aug 16, 2011 OPIC to Hold Small Business Seminars in Orange County and Miami WASHINGTON, D.C. – Elizabeth Littlefield, President and CEO of the Overseas Private Investment Corporation (OPIC), announced today that OPIC would conduct seminars for U.S. small businesses in Orange County, California, and Miami in the fall of 2011 – the latest in a highly-successful series that... OPIC more...
Aug 12, 2011 USTDA Supports Technology to Make Banking More Accessible in Ghana ACCRA, GHANA – USTDA awards a $496,000 grant to the Ghana Interbank Payments and Settlement Systems Limited (GhIPPS) to help it determine the technical, operational, and business requirements to expand participation in Ghana's financial sector. The grant will fund technical assistance to evaluate... USTDA more...
Aug 4, 2011 Ex-Im Bank Authorizations Hit All-Time Record Exceeding $ 24.5 Billion, Supporting 213,000 American Jobs Washington, D.C. --- The Export-Import Bank of the United States (Ex-Im Bank) has set a new all-time record for export finance authorizations. Today, for the first time, loan authorizations will exceed $ 24.5 billion. And with two months still remaining in the fiscal year the total Ex-Im... Export-Import Bank more...
Jul 21, 2011 USTDA Awards First Grant to Iraq to Support Refinery Rehabilitation BASRA, IRAQ – USTDA announced its support for the continued modernization of the oil and gas sector in Iraq with a $502,798 grant to the South Refineries Company for a feasibility study on the rehabilitation of its Basra refinery. This grant marks a deepening relationship with Iraq to support its... USTDA more...
Jul 18, 2011 Ex-Im Bank Announces $9.2 Million Loan to Support Abound Solar Inc. Exports to Punj Lloyd Power Project in India NEW DELHI: -- The Export-Import Bank of the United States (Ex-Im Bank) announced today that it is providing a $9.2 million long-term loan to support exports of thin-film solar photovoltaic modules from Abound Solar Inc. in Loveland, Colo., to Punj Lloyd Solar Power Ltd. Ex-Im Bank is... The Exporting Source more...
Jul 18, 2011 Ex-Im Bank Announces $16 Million Loan to Support First Solar Inc. Exports to Azure Power Project in India NEW DELHI: The Export-Import Bank of the United States (Ex-Im Bank) announced today that it is providing a $16 million long-term loan to support the exports of First Solar Inc. in Tempe, Ariz., to Azure Power Rajasthan Pvt. Ltd. in New Delhi. Ex-Im Bank is providing a $16 million loan to support... Ex-Im Bank more...
Jul 7, 2011 USTDA Supports Energy Sector Development in Egypt HOUSTON, TEXAS – On June 30, 2011, USTDA awarded a $283,000 grant to Energy Allied Egypt (EAE), an Egyptian firm that focuses on development of energy projects in North and West Africa. The grant will support a feasibility study evaluation for 10 bio-digester units in six key locations throughout... USTDA more...
Jul 7, 2011 USTDA Supports E-Government Efforts in Brazil RIO DE JANEIRO, BRAZIL – On June 30, USTDA awarded a $675,000 grant to the Rio de Janeiro IT Company (PRODERJ) for a feasibility study to develop an implementation plan for a new data center in the state of Rio de Janeiro. The data center will facilitate communication between Rio's state... USTDA more...
Jul 7, 2011 USTDA Supports Ghana's Efforts to Expand Airport Capacity at Kotoka International Airport ACCRA, GHANA – Today, the U.S. Trade and Development Agency (USTDA) continues its support of and relationship with the Ghana Airports Company Limited (GACL) by signing a $600,000 grant to develop the construction design specifications and tender documents for the refurbishment of the passenger... USTDA more...
Jul 1, 2011 East-West Bank of San Francisco and Ex-Im Bank Provide Financing to Small Business as it Grows to Medium-Size Enterprise WASHINGTON, D.C. -- Retech Systems LLC, a medium-sized business located in Ukiah, Calif., was approved for a $16 million working capital loan guarantee by Export-Import Bank of the United States (Ex-Im Bank). The guaranteed lender, East-West Bank of San Francisco, Calif., is providing ReTech... Ex-Im Bank more...
Jul 1, 2011 USTDA Provides Over $2 Million to Support Clean Energy Projects in Latin America ARLINGTON, VA – In support of the Obama Administration's Energy and Climate Partnership of the Americas, the U.S. Trade and Development Agency (USTDA) this week committed $2,092,000 in funding for five clean energy feasibility studies in Mexico, Brazil, and Colombia. The studies will generate... USTDA more...
Jul 1, 2011 OPIC Board Approves $500 Million for Small Business Lending in Egypt and Jordan WASHINGTON, D.C. – Making significant progress toward fulfilling Secretary of State Hillary Clinton’s pledge of U.S. investment support for the Middle East and North Africa (MENA), the Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $500 million in financing to... OPIC more...
Jun 10, 2011 USTDA Supports Morocco's Efforts to Deploy Solar Energy ARLINGTON, VA – Building on the Obama Administration's efforts to open overseas markets for clean energy technologies, USTDA is supporting the Moroccan Agency for Solar Energy (MASEN) as it begins to deploy 500 MW of solar electricity near the city of Ouarzazate. During the signing ceremony... USTDA more...
Jun 10, 2011 Ex-Im Bank Provides $10.3 Million in Renewable Express Financing for California-Based Solyndra's Solar Exports to Belgium WASHINGTON, D.C. -- Solyndra LLC, a manufacturer of photovoltaic systems headquartered in Fremont, Calif., is using Renewable Express project financing from the Export-Import Bank of the United States (Ex-Im Bank) to facilitate the sale of its solar panels to a private-sector project in Belgium.... Ex-Im Bank more...
May 26, 2011 Ex-Im Bank Financing For Sub-Saharan Africa Exceeds $1 Billion For First Time WASHINGTON, D.C. - The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) voted today to approve an $805.6 million direct loan to South Africa's state-owned electric power utility, Eskom, Limited. That action, plus today's approval for over $59 million to... Export-Import Bank more...
May 5, 2011 USTDA Helps India Prepare for the Demands of a Fast Growing Aviation System NEW DELHI, INDIA – Supporting India's ability to expand its staff of trained aviation officials in advance of increased growth in passengers, flights, cargo, and airport infrastructure is the goal of a USTDA grant awarded today to the Directorate General of Civil Aviation. The DGCA is... USTDA more...
Apr 6, 2011 USTDA Supports Renewable Energy Development in Coastal Fishing Villages in Morocco Today, USTDA awarded a grant to the National Fisheries Office (Office National des Pêches) (ONP) to support the development of distributed power generation and fresh water production in coastal fishing villages in Morocco. The technical assistance will develop a master plan for utilizing... USTDA more...
Mar 7, 2011 Ex-Im Bank Adopts The Equator Principles To Facilitate Project Finance Application And Review WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) today announced its adoption of the Equator Principles, a globally recognized benchmark for financial institutions to determine, assess and manage the social and environmental risks of international project financing. Export-Import Bank more...
Mar 7, 2011 USTDA Supports Cloud Computing in Vietnam Today, USTDA awarded a grant to the Vi Na Group Corporation (VNG) to examine the feasibility of establishing a cloud computing business in Vietnam. The resulting cloud computing data center would allow VNG to offer remote, secure software and data storage services to customers seeking more... USTDA more...
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