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The Export-Import Bank of the United States
Financing Export Opportunities in Kazakhstan
Government Support Programs:
US Ex-Im Bank
Jeffrey AbramsonExport-Import Bank of the United States
September 8, 2005 – San Diego, CA
The Export-Import Bank of the United States
Overview of US Ex-Im BankMission
The Export-Import Bank of the United States is an independent government agency supporting the creation of US jobs by financing the overseas sales of US goods and services
Ex-Im Bank has provided more than $400 Billion in export financing since its establishment in 1934
The Export-Import Bank of the United States
•Meeting foreign competition
•Supplementing commercial financing
•Absorbing non-payment risk
Overview of US Ex-Im BankObjectives
The Export-Import Bank of the United States
0.1
7.7
0.20.3
7.4
2.5
2.7
8.5
4.6
Loans Guarantees Insurance
2002 2003 2004
Overview of US Ex-Im BankRecent Activity – Annual Authorizations
$ Billion
The Export-Import Bank of the United States
Overview of US Ex-Im BankBasic Transaction Criteria
US Content
Shipped from the US
No min or max transaction size
Limited Exclusions
The Export-Import Bank of the United States
Tools For ExportersEx-Im Programs
• Working Capital Guarantees
• Medium/LT Guarantees
• Credit Guarantee Facilities
• Environmental & Medical Programs
• Export Credit Insurance
• Medium/LT Loans
• Project Finance
• Transportation Finance
• Dealer Finance
The Export-Import Bank of the United States
Market Experience & OutlookExperience
Although currently a small market for US exporters, Kazakhstan represents a significant market opportunity
•Experience dating to 1994
•Exposure of more than $300 million
• Infrastructure and Agriculture lending
•Excellent repayment experience
The Export-Import Bank of the United States
Market Experience & OutlookKey Elements
• Bank Guarantees or Structured/Asset-Based Lending
• Require financial statements audited to International Financial Reporting Standards
• Some limitations on discretionary authority for short-term lending
• Sovereign (i.e. full faith and credit) generally required for public sector transactions
The Export-Import Bank of the United States
Market Experience & OutlookKey Transactions
• GE Locomotives to Kazakhstan National Railway -- $122 million asset-based financing via ABN Amro
• Lucent Networking Equipment to Kazakhtelecom -- $48 million bank guaranteed (KKB) financing via Societe Generale
• John Deere Equipment to Various Agricultural Enterprises – $10 million credit facility to OJSC Nurbank via John Deere Credit
The Export-Import Bank of the United States
For More Information
www.exim.gov
Jeffrey AbramsonTrade Finance DivisionExport-Import Bank of the United [email protected]
