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AFRICA - Export-Import Bank of the United States

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AFRICA - Export-Import Bank of the United States Powered By Docstoc
					                               Ex-Im Bank in
                               Sub-Saharan
                                   Africa
                         2006 AGOA Summit, Washington DC
EXPORT-IMPORT BANK               Ministerial Forum
 of the UNITED STATES


  Jobs Through Exports
                                     Linda Conlin
                               Member, Board of Directors


                                      June 6, 2006



                                                            M&L-T 1
Ex-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 2
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 Agency
     provides 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 3
What Ex-Im Bank Does
 EXPORT FINANCE SOLUTIONS
   Working Capital Guarantees (pre-export)
   Short and Medium-Term Insurance
   Medium- and Long-Term Loan Guarantees
      Up to 15-year repayment terms for environmentally
       beneficial renewable energy and water/wastewater
       projects

   Structured/Project Finance




                                                           M&L-T 4
 Ex-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 5
                          Number of Transactions in
                          Sub-Saharan Africa

                                            Ex-Im Bank Authorizations in Sub-Saharan Africa

                    180
# of transactions




                    160

                    140


                    120
                                                                                                      Single and
                    100                                                                               Multibuyer
                                                                                                      Insurance
                    80                                                                                Loans and
                                                                                                      Guarantees
                    60


                    40

                    20


                     0
                           FY98   FY99   FY00       FY01        FY02        FY03        FY04   FY05




                                                                                                          M&L-T 6
Ex-Im Bank in Sub-Saharan Africa

Approved 115 transactions for $462
 million in 20 countries in Sub-Saharan
 Africa.




                                   M&L-T 7
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 8
Ex-Im Sub-Saharan Africa Initiative
 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


                                                             M&L-T 9
  Sub-Saharan Africa Success Stories

                        Mauritius
An 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 10
 Sub-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 11
International Business Development
John Richter, Regional Director
   E-mail: John.Richter@exim.gov
   Tel: 202-565-3903 / Fax: 202-565-3839
Ricardo Michel, Business Dev. Officer
   E-mail: Ricardo.Michel@exim.gov
   Tel: 202-565-3916 / Fax: 202-565-3961
Internet: http://www.exim.gov
E-mail: eximafrica@exim.gov

                                            M&L-T 12

				
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