May 3, 2013USTDA Supports Expansion of Energy Resources in India
Two Grants Demonstrate Strategic Cooperation in Clean Energy in India
MUMBAI, INDIA – Today, the U.S. Trade and Development Agency (USTDA) concluded two grant agreements in Mumbai to assist in improving power sector efficiency and developing shale gas and oil in India.
Ms. Jamie...
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Apr 26, 2013USTDA Awards Grant to Support Information Technology and Smart Grid Development in Vietnam
Builds on Past Success as NPT Strengthens its Power Grid
ARLINGTON, VIRGINIA – The U.S. Trade and Development Agency (USTDA) awarded a grant today to the National Power Transmission Corporation (EVNNPT) of Vietnam to support its efforts to improve transmission efficiencies to meet...
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Apr 26, 2013ITA Helps Maintain Market Access for U.S. Companies in the Korean Cosmetics Industry
The Department of Commerce’s International Trade Administration (ITA) helped the Washington, D.C.-based Personal Care Products Council (PCPC) advocate for better terms under the labeling and advertising provisions in the Korean Cosmetics Act (KCA) which would have otherwise negatively impacted...
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Apr 25, 2013Arkansas Small Business Brews Up Big Change to Rwandan Coffee Industry with OPIC Support
WASHINGTON, D.C. – An Arkansas small business is modernizing virtually every aspect of Rwanda’s coffee industry – upgrading technology, increasing production, converting waste to biofuel, raising wages and gaining access to global markets – with the support of $19.4 million in political risk...
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Apr 24, 2013OPIC Signs Loan Agreement for Georgian-American University Campus Renovation
Tbilisi, Georgia – Overseas Private Investment Corporation (OPIC) Managing Director of Project Finance Kenneth Angell today joined Georgian-American University Chancellor Nino Toronjadze, U.S. Ambassador Richard Norland, and Georgian-American University founder Michael Cowgill for a ribbon...
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Apr 18, 2013Ex-Im Renews Supply-Chain Guarantee for Citibank Supporting CNH Suppliers
Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) renewed a 90-percent guarantee of a $100 million supply-chain facility for Citibank to purchase invoices that are generated through the sales of goods and services by eligible U.S. suppliers to CNH America LLC (CNH)....
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Apr 17, 2013OPIC, South Sudan Sign Investment Agreement
Signing Kicks Off the U.S. Government-Sponsored South Sudan Investment Forum
Washington, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today signed an Investment Incentive Agreement with the Government of South Sudan...
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Apr 16, 2013USTDA Grant Supports Diversifying Energy Mix in Chile
Supporting Wind Energy Development on Chiloé
SANTIAGO, CHILE – USTDA awarded a grant today to Empresa Eólica Tablaruca S.A. (Tablaruca Wind Company or "Tablaruca") in support of its efforts to develop a wind farm of approximately 99 megawatts (MW) on the Chilean island of Chiloé. As Chile...
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Apr 12, 2013USTDA Supports Deployment of Intelligent Transportation System for Traffic Management in China
GUANGZHOU, CHINA – Today, Director Leocadia I. Zak concluded a grant agreement with the Panyu District Government in Guangzhou that will support the completion of a feasibility study and pilot project for the deployment of an intelligent transportation system (ITS) for traffic management....
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Apr 10, 2013Ex-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...
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Apr 8, 2013OPIC 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...
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Apr 5, 2013Vanport 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...
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Apr 5, 2013Pneumatic 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...
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Apr 3, 2013BBCN 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’...
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Mar 28, 2013USTDA 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...
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Mar 22, 2013Ex-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...
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Mar 22, 2013USTDA 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...
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Mar 22, 2013U.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...
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Mar 21, 2013OPIC 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...
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Mar 20, 2013USTDA 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...
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Mar 5, 2013U.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...
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Feb 28, 2013ITA 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...
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Feb 26, 2013Housing 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...
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Feb 14, 2013Navistar 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...
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Feb 12, 2013Ex-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...
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Feb 7, 2013Ex-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...
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Jan 31, 2013OPIC & 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...
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Jan 30, 2013ITA 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...
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Jan 18, 2013Ex-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...
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Jan 14, 2013Ex-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....
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Jan 10, 2013Ex-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,...
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Jan 10, 2013OPIC 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)...
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Dec 28, 2012Ex-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,...
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Dec 28, 2012Nigerian 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...
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Dec 20, 2012OPIC 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...
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Dec 20, 2012USTDA 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...
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Dec 18, 2012OPIC 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...
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Dec 18, 2012OPIC 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...
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Dec 18, 2012Ex-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...
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Dec 17, 2012USTDA 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...
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Dec 13, 2012USTDA 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)...
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Dec 13, 2012ITA 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...
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Dec 7, 2012MBDA 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...
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Dec 5, 2012Ex-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...
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Dec 4, 2012Ex-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....
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Dec 3, 2012Ex-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....
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Nov 30, 2012USTDA 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...
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Nov 30, 2012USTDA 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...
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Nov 30, 2012Ex-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....
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Nov 28, 2012OPIC 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...
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Nov 28, 2012OPIC 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...
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Nov 28, 2012Secretary 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...
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Nov 27, 2012Ex-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...
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Nov 19, 2012Ex-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...
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Nov 16, 2012Ex-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...
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Nov 16, 2012Ex-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....
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Nov 13, 2012USTDA 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...
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Oct 24, 2012Ex-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...
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Oct 23, 2012Clinton 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...
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Oct 22, 2012Ex-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...
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Oct 16, 2012OPIC 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,...
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Oct 16, 2012OPIC 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...
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Oct 9, 2012Ex-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...
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Oct 9, 2012USTDA 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...
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Oct 2, 2012Ex-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...
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Oct 1, 2012Ex-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...
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Sep 27, 2012Ex-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...
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Sep 26, 2012OPIC 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...
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Sep 26, 2012USTDA 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...
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Sep 25, 2012OPIC 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...
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Sep 25, 2012Ohio’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...
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Sep 25, 2012Garmin 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...
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Sep 22, 2012OPIC 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...
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Sep 17, 2012OPIC 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...
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Sep 17, 2012OPIC 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...
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Sep 10, 2012USTDA 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...
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Sep 10, 2012USTDA 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...
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Sep 7, 2012Ex-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...
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Sep 6, 2012USTDA 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...
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Aug 31, 2012Labor 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...
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Aug 24, 2012Ex-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....
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Aug 21, 2012OPIC 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...
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Aug 16, 2012USTDA 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...
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Aug 15, 2012First 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...
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Aug 15, 2012USTDA 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...
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Aug 3, 2012Ex-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...
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Aug 1, 2012USTDA 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...
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Jul 27, 2012OPIC 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...
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Jul 25, 2012USTDA 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...
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Jul 24, 2012Ex-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,...
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Jul 19, 2012OPIC/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...
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Jul 18, 2012Ex-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...
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Jul 13, 2012USTDA 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...
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Jul 12, 2012OPIC 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...
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Jul 12, 2012OPIC 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...
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Jul 10, 2012OPIC 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...
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Jun 28, 2012Ex-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...
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Jun 26, 2012USTDA 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...
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Jun 22, 2012Ex-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)....
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Jun 22, 2012OPIC 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...
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Jun 21, 2012Ex-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...
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Jun 20, 2012OPIC 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...
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Jun 20, 2012OPIC 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...
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Jun 19, 2012OPIC 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,...
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Jun 18, 2012OPIC 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...
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Jun 14, 2012OPIC 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...
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Jun 14, 2012OPIC 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...
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May 25, 2012Ex-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....
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May 24, 2012USTDA 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...
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May 22, 2012OPIC 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...
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May 18, 2012Ex-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...
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May 17, 2012USTDA 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...
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May 15, 2012USTDA 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...
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May 14, 2012OPIC 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...
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Apr 27, 2012Ex-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...
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Apr 26, 2012USTDA 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...
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Apr 24, 2012USTDA 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...
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Apr 20, 2012USTDA 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...
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Apr 13, 2012Ex-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...
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Apr 13, 2012Export-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...
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Apr 13, 2012OPIC 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...
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Apr 12, 2012Importance 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...
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Apr 10, 2012Wells 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...
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Apr 10, 2012Northern 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...
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Apr 10, 2012Export 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...
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Apr 10, 2012Black & 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...
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Apr 9, 2012USTDA 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...
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Apr 9, 2012Trade 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...
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Apr 9, 2012Ceilings 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...
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Apr 5, 2012Ex-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...
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Mar 30, 2012OPIC 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...
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Mar 30, 2012USTDA 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...
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Mar 30, 2012USTDA 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...
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Mar 29, 2012OPIC 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...
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Mar 29, 2012OPIC 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...
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Mar 29, 2012USTDA 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....
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Mar 28, 2012USTDA 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...
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Mar 27, 2012USTDA 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...
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Mar 26, 2012USTDA 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...
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Mar 26, 2012USTDA 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...
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Mar 23, 2012USTDA 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...
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Mar 23, 2012USTDA 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...
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Mar 22, 2012USTDA 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...
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Mar 21, 2012USTDA 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...
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Mar 12, 2012Export-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...
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Mar 12, 2012OPIC 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...
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Mar 9, 2012OPIC 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...
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Feb 23, 2012OPIC 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...
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Feb 17, 2012Ex-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....
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Feb 17, 2012Ex-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....
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Jan 27, 2012OPIC 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...
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Jan 18, 2012Submission 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...
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Jan 11, 2012OPIC 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...
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Dec 22, 2011USTDA 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....
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Dec 16, 2011New 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...
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Dec 9, 2011OPIC 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...
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Dec 5, 2011Two 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...
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Dec 2, 2011OPIC 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...
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Dec 2, 2011USTDA 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...
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Nov 30, 2011USTDA 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...
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Nov 23, 2011USTDA 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...
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Nov 18, 2011USTDA 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...
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Nov 11, 2011Ex-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...
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Nov 9, 2011OPIC 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...
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Nov 4, 2011Ex-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...
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Nov 1, 2011OPIC 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...
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Nov 1, 2011Ex-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...
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Oct 27, 2011U.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...
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Oct 13, 2011OPIC 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...
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Oct 12, 2011OPIC 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...
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Oct 5, 2011Ex-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...
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Sep 30, 2011American 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...
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Sep 29, 2011SBA 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...
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Sep 28, 2011OPIC 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...
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Sep 27, 2011SBA 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...
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Sep 26, 2011OPIC 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...
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Sep 23, 2011USTDA 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...
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Sep 23, 2011USTDA 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...
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Sep 23, 2011USTDA 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....
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Sep 22, 2011OPIC 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,...
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Sep 20, 2011Commerce 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...
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Sep 16, 2011Ex-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...
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Sep 16, 2011USTDA 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...
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Sep 15, 2011U.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,...
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Sep 14, 2011USTDA 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...
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Sep 2, 2011Ex-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...
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Aug 31, 2011USTDA 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...
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Aug 22, 2011U.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...
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Aug 16, 2011OPIC 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...
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Aug 12, 2011USTDA 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...
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Jul 21, 2011USTDA 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...
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Jul 7, 2011USTDA 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...
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Jul 7, 2011USTDA 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...
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Jul 7, 2011USTDA 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...
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Jul 1, 2011USTDA 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...
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Jul 1, 2011OPIC 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...
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Jun 10, 2011USTDA 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...
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May 26, 2011Ex-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...
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May 5, 2011USTDA 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...
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Apr 6, 2011USTDA 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...
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Mar 7, 2011Ex-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.
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Mar 7, 2011USTDA 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...
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