Trade Finance Initiatives in Africa
The African Export-Import Bank Special Delegated Authority
To make it easier and faster for African buyers to obtain Ex-Im Bank support for their purchases of U.S. goods and services, the Export-Import Bank of the United States (Ex-Im Bank) has approved special delegated authority for the African Export-Import Bank (Afreximbank) to provide up to $40 million in Ex-Im Bank short-term and medium-term financing. The delegated authority is for one year from the date of board approval.
Nigerian Bank Guarantee Facility
Following recent positive developments in the Nigerian banking sector, the Export-Import Bank of the United States (Ex-Im Bank) has approved over $1 billion, allocated among selected Nigerian banks, to support U.S. exports to Nigeria. The consolidated facility will expedite the processing of short- and medium-term Ex-Im Bank financing for the purchase of U.S. goods and services by Nigerian buyers. View list of approved Nigerian Banks.
$100
Million Short-Term Insurance Pilot Program
The Short-Term Insurance Pilot Program assists businesses in sub-Saharan Africa in purchasing U.S. goods and services. Under the Pilot Program, Ex-Im Bank can insure short-term export credit transactions involving various payment terms, including open account terms in countries where Ex-Im Bank support would normally not be available. Learn more about the Short-Term Insurance Pilot Program.
Foreign Currency Agreement
US exporters will now find it easier to export their products
to western and southern Africa because African companies can now arrange
CFA Franc and Rand-denominated loans guaranteed by Ex-Im Bank. Both
the CFA Fanc and Rand have been added to the list of major, pre-approved
currencies for inclusion in Ex-Im Bank`s Foreign
Currency Guarantee Program.
Environmental Export Initiative
Ex-Im Bank
provides expanded support for environmentally beneficial exports under
its guarantee and insurance products. These enhancements
include extended repayment terms and coverage of local costs and interest
that are due during the construction period. Learn more about Ex-Im Bank’s Environmental Exports Program.
Medical Equipment Initiative
The Medical Equipment Initiative (MEI) offers solutions to increase the export of medical equipment from U.S. companies to foreign borrowers that would not go forward without Ex-Im Bank support. The MEI includes creative financing structures and enhanced coverage. Learn more about the Medical Equipment Initiative.
Transportation Security Equipment Initiative
Ex-Im Bank's Transportation Security Exports Program (T-SEP) provides enhanced financing support for U.S. exports that are related to international transportation security. See T-SEP product details.
Aircraft Finance
Ex-Im Bank supports U.S. exports of new and used commercial and general aviation aircraft under its guarantee and insurance products. Ex-Im Bank offers financial support for both large and small commercial aircraft. In sovereign-guaranteed large aircraft transactions, Ex-Im Bank may also finance spare parts, ground equipment, training costs and transaction expenses. Learn more about Ex-Im Bank’s aircraft financing options.
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