The Export-Import Bank of the United States (Ex-Im Bank) increased insurance support for environmentally beneficial exports by over 47 percent in fiscal year 2000. Insurance policies covering environmental exports increased to $24.7 million in FY2000 from $16.8 million the previous year, and Working Capital Guarantees in support of environmental exports jumped 177 percent to $58.3 million in FY2000 from $21 million in FY1999. Ex-Im Bank's environmental exports program has increased from 13 transactions in FY1994 to 62 transactions in FY2000, with a total portfolio well in excess of $2 billion.
"This program can help emerging markets address critical state and municipal environmental needs, by improving their ability to purchase clean air, water, and energy technology," said Dan Renberg, member of the board of directors.
Renberg said the financing features of Ex-Im Bank's environmental program help US exporters gain a competitive advantage over their foreign counterparts. "While the US market for environmental technologies is estimated to grow 1.8 percent over the next few years, Latin American and Asian markets are projected to grow at annual rates of 12 percent and 10 percent respectively," he noted. "Clearly for US companies, the future is in international markets and Ex-Im Bank can help."
Ex-Im Bank's environmental program provides enhanced financing for US environmental exports, including:
Written by: Export-Import Bank of the United States
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