Reassessing Efforts to Combat Subsidized Export Credit Financing

Ex-Im Bank’s programs to provide financing for U.S. exporters operate within the global context of export promotion activities undertaken by many countries. In its most recent congressionally mandated competitiveness assessment, Ex-Im Bank reported that its programs were competitive in terms of traditional measures such as interest rates and fees, but not in other areas such as foreign content requirements and foreign currency risk. International agreements have strongly limited the use of financing subsidies by export credit agencies, and some other traditional export credit agencies have modified their missions in response to a changing environment. Moreover, the rise of financing by export credit agencies in emerging economies such as China, which operate outside key international agreements, has raised additional concerns about the effectiveness and impacts of international agreements. These trends and potential responses may need to be reassessed.

Full Report of GAO-02-741 (PDF, 41 pages)

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Export Promotion: Export-Import Bank and Treasury Differ in Their Approaches to Using Tied Aid

GAO-02-741, June 28, 2002

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