News | News Releases | 2008

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June 26, 2008
Media contact: Phil Cogan (202) 565-3200

INSPECTOR GENERAL OF EX-IM BANK RELEASES SECOND SEMIANNUAL REPORT TO CONGRESS

Michael W. Tankersley, Inspector General of the Export-Import Bank of the United States (Ex-Im Bank), has released the second Semiannual Report to Congress of the Office of Inspector General, which is available at: http://www.exim.gov/oig/documents/semiannualreport_tocongress_oct07-apr08.pdf

This report highlights the actions taken by the Ex-Im Bank Office of Inspector General (OIG) for the period of October 1, 2007 through March 31, 2008, to execute the OIG mission of advancing the efficiency and effectiveness of Ex-Im Bank programs and fighting fraud, waste and abuse, including:

Responding to IG Hotline calls, investigating reports of fraud affecting Ex-Im Bank and working with Ex-Im Bank management to reduce the risk of fraud in Ex-Im Bank export credit programs.

Working with management and Ex-Im Bank's Audit Committee to complete Ex-Im Bank's 2007 annual financial statement audit and submission of related documentation for government-wide reporting.

Undertaking a detailed evaluation of Ex-Im Bank's economic impact procedures in response to a request from Congress, a GAO report released in October 2007 and a request from Ex-Im Bank management.

Contact the Ex-Im Bank OIG at (202) 565-3908 or michael.tankersley@exim.gov if you have any questions or would like a hard copy of the report.

The Ex-Im Bank OIG receives and investigates complaints and information concerning violations of law, rules or regulations, fraud against Ex-Im Bank, mismanagement, waste of funds and abuse of authority connected with the Bank's programs and operations. Reports can be delivered:

In person:
At the Office of Inspector General
811 Vermont Avenue, NW, Room 978
Washington, D.C. 20571

By telephone: 1-866-571-1801 (Hotline)

By mail:
Ex-Im Hotline
Office of Inspector General
811 Vermont Avenue, NW
Washington, D.C. 20571

By E-mail: IGhotline@exim.gov

Ex-Im Bank is the official export-credit agency of the United States. The independent, self-sustaining federal agency, now in its 74th year, helps create and maintain U.S. jobs by financing the sale of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export-credit insurance and direct loans. In fiscal year 2007, Ex-Im Bank authorized $12.6 billion in financing to support an estimated $16 billion of U.S. exports worldwide. For more information, visit www.exim.gov.

To sign up to receive information directly from the Office of Inspector General visit http://www.exim.gov/oig/email.cfm