Ex-Im Bank Offers Financing for Exports to Burma
The Export-Import Bank of the United States has announced that as of Feb. 6 it can help finance short-term and medium-term U.S. export sales to Burma. Short-term export credit insurance is available for sovereign transactions with repayment terms of 180 days or less and up to 360 days for capital goods. Medium-term insurance, loan guarantees and loans are available for sovereign transactions with terms typically up to five years.
The Bank’s working capital guarantees, which help U.S. exporters or their suppliers to obtain funds to produce or buy goods or services for export, will be available to support exports to Burma as well. The Bank is also able to provide long-term support in Burma provided there are financing arrangements that eliminate or externalize country risks, such as asset-backed financings and structures that earn revenues offshore in a third country.