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Office of Inspector General (OIG): Press Releases

Distributed by Office of Inspector General
Export-Import Bank of the United States

March 31, 2009
Media contact: Office of Inspector General (202) 565-3908

INSPECTOR GENERAL RELEASES REPORTS ADDRESSING
EX-IM BANK MEDIUM TERM EXPORT CREDIT PROGRAM

The Office of Inspector General of the Export-Import Bank of the United States (Ex-Im Bank) has released an Audit Report and a separate Evaluation Report relating to Ex-Im Bank’s Medium Term Export Credit Guarantee and Insurance Programs (MT Program). The audit and evaluation were undertaken at the request of Ex-Im Bank’s Chairman.

The Audit Report, titled “Medium Term Export Credit Program – Credit and Fraud Risk Management and Business Process Improvement,” which includes management’s response to the Audit Report, is available at http://www.exim.gov/oig/documents/MT_Program_Business_Process_Final_Audit_Report.pdf.

During the course of the MT Program Audit, the OIG identified a number of conditions affecting the efficiency and effectiveness of the Ex-Im Bank MT Program in addition to those presented in the Audit Report. Findings and suggestions for improvement addressing conditions affecting the efficiency and effectiveness of the Ex-Im Bank MT Program are presented in an Evaluation Report that is available at http://www.exim.gov/oig/documents/MT_Evaluation_Letter.pdf.

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 75th 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. 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