The DFC can become a real alternative to BRI if it partners with sister agencies in Free World countries, like the Interamerican Development Bank, the African Development Bank, the Asian Development Banks, and the International Finance Corporation. These banks should develop processes to synchronize and fast-track their due diligence and pool their resources.
The U.S. Export-Import Bank was re-authorized in 2019 to facilitate U.S. exports by providing financing when private lenders can’t. There are today 115 export credit agencies in 89 countries. In 2019, the U.S. export financings were about $5.3 billion, compared with about $6 billion for France and U.K., and about $11 billion for Germany and Italy.
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The Export Import Bank of the United States (EXIM) issued its 2020 annual report highlighting EXIM s
results and priority initiatives in its mission to support American
jobs by facilitating the export of U.S. goods and services. EXIM,
an independent federal governmental agency, is authorized by
Congress until 2026 to maintain $135 billion of credit exposure.
Through direct loans, guarantees, credit insurance, and supply
chain financing support, EXIM finances U.S. exporters and suppliers
that cannot arrange export financing from private sources without
EXIM s credit support. EXIM also provides foreign buyers of