Understanding the Importance of Export Credit Financing to U.S. Competitiveness

June 22, 2011

Export credit financing is a vital component of U.S. international competitiveness and a key ingredient for many successful U.S. exporters. But now, more and more foreign countries are adopting this tool and the competition in export credit financing has become increasingly formidable. For example, both China and India have increased their levels of export credit financing by over 200 percent since 2005. With the reauthorization of the U.S. Export-Import Bank upon us, ITIF introduces a new report highlighting the importance of export credit financing to the U.S. economy and making the case for the swift reauthorization of the ExIm Bank and for increasing its statutory lending limit.