Hapharaïm
12
Jobs Through Exports EXPORT-IMPORT BANK of the UNITED STATES M&L-T 1 Ex-Im Bank in Sub-Saharan Africa 2006 AGOA Summit, Washington DC Ministerial Forum Linda Conlin Member, Board of Directors June 6, 2006
Transcript of Hapharaïm
Jobs Through Exports
EXPORT-IMPORT BANK of the UNITED STATES
EXPORT-IMPORT BANK of the UNITED STATES
M&L-T 1
Ex-Im Bank in Sub-Saharan
Africa
Ex-Im Bank in Sub-Saharan
Africa
2006 AGOA Summit, Washington DC
Ministerial Forum
Linda ConlinMember, Board of Directors
June 6, 2006
M&L-T 2
Ex-Im Bank IntroductionEx-Im Bank Introduction
Official export credit agency of the United States
Mission: assist in finance of the export of U.S. goods and services to international markets
Not a development agency; must have reasonable assurance of repayment
Does not compete with private sector lenders, but assumes credit and country risks that the private sector is unable or unwilling to accept
With more than 70 years of experience, Ex-Im Bank has supported more than $400 billion in exports
M&L-T 3
How Does Export-Import Bank
Fit In?
How Does Export-Import Bank
Fit In?State Department
gives foreign policy guidance – U.S. Embassies
Commerce Department
provides information, counseling and expertise - FCS
U.S. Trade & Development Agencyprovides project planning funding and assistance
OPIC
provides project finance and investment insurance
Export-Import Bank
finances exports through varied term programs and insurance
M&L-T 4
What Ex-Im Bank DoesWhat Ex-Im Bank Does
EXPORT FINANCE SOLUTIONS Working Capital Guarantees (pre-export)
Short and Medium-Term Insurance
Medium- and Long-Term Loan GuaranteesUp to 15-year repayment terms for
environmentally beneficial renewable energy and water/wastewater projects
Structured/Project Finance
M&L-T 5
Ex-Im Bank in Sub-Saharan AfricaEx-Im Bank in Sub-Saharan Africa
Short Term: 44 out of 48 SSA countries
Medium Term (up to 5 yrs): 25 SSA countries
Long Term: 12 SSA countries
Long Term Project Finance: 47 SSA countries
M&L-T 6
Number of Transactions in
Sub-Saharan Africa
Number of Transactions in
Sub-Saharan Africa
Ex-Im Bank Authorizations in Sub-Saharan Africa
0
20
40
60
80
100
120
140
160
180
FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05
# of
tran
sact
ions
Single andMultibuyerInsurance
Loans andGuarantees
M&L-T 7
Ex-Im Bank in Sub-Saharan AfricaEx-Im Bank in Sub-Saharan Africa
Approved 115 transactions for
$462 million in 20 countries
in Sub-Saharan Africa.
M&L-T 8
Ex-Im Sub-Saharan Africa Initiative
Ex-Im Sub-Saharan Africa Initiative
Sub-Saharan Africa is a priority region, as outlined by Ex-Im’s Charter
Establishment of SSA Advisory Committee
Africa Business Development Group Africa Newsletter to for U.S. exporters and African
buyers
Short-Term Insurance Pilot Program (STIPP) makes insurance available to exports to 19 SSA countries that would otherwise be ineligible for Ex-Im support
USTDA initiative
M&L-T 9
Nigerian Oil and Gas Subcontractor Initiative In an effort to increase local employment – oil companies
must give service contracts for operations to local companies
Local companies need to gain access to U.S. goods and services to fulfill contracts.
NNPC developing standards to qualify local companies
Local companies do not always meet credit standards; new structure envisioned to:1) Enhance local company credit and debt capacity
2) Ensure debt repaid through contractual payments
Ex-Im Sub-Saharan Africa InitiativeEx-Im Sub-Saharan Africa Initiative
M&L-T 10
Sub-Saharan Africa Success StoriesSub-Saharan Africa Success Stories
MauritiusAn Ex-Im Bank short-term insurance policy covered the sale of over $600,000 of cotton yarn to Socota Textile Mills, Ltd., of Curepipe, Mauritius and Consolidated Fabrics, Ltd., of Solitude, Mauritius.
The U.S. yarn inputs were used for manufacturing purposes in Mauritius
mutually beneficial trade in line with mission of AGOA
M&L-T 11
Sub-Saharan Africa Success StoriesSub-Saharan Africa Success Stories
Oil and Gas
Nigeria: LNG Ex-Im financed $115 mn of an LNG
plant in Nigeria out of $1.9 total project costs. LNG Delivered to Europe and US East Coast.
Angola: Cabinda Oil Wells Project financing allowed US
exporter to complete its sale contract of $200 mn for the development of oil wells off the coast of Angola.
M&L-T 12
International Business Development
International Business Development
John Richter, Regional Director E-mail: [email protected]
Tel: 202-565-3903 / Fax: 202-565-3839
Ricardo Michel, Business Dev. Officer E-mail: [email protected]
Tel: 202-565-3916 / Fax: 202-565-3961
Internet: http://www.exim.gov
E-mail: [email protected]
