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

The Export-Import Bank’s activities and efforts need to be expanded as competitor countries turn to export financing to enhance competitiveness.

Global competition in export credit financing has become increasingly formidable, with foreign competitors enjoying substantial support from their export credit agencies. With reauthorization of the US Ex-Im Bank upon us, the U.S. needs a swift reauthorization of the Bank that substantially increases its lending authority.