Export-Import Bank (Eximbank)

Bank set up by Congress in 1934 to encourage U.S. Trade with foreign countries. Eximbank is an independent entity that borrows from the U.S. Treasury to (1) finance exports and imports; (2) grant direct credit to non-U.S. Borrowers; (3) provide export guarantees, insurance against commercial and political risk, and discount loans.

Bank set up by Congress in 1934 to encourage U.S. Trade with foreign countries. Its activities include: (1) financing exports and imports; (2) granting direct credit to non-U.S. Borrowers to help finance the purchase of U.S. Exports; and (3) providing export guarantees, insurance against commercial and political risk, and discount loans.