Export-Import Bank

[ ek-spawrt-im-pawrt, ek-spohrt-im-pohrt ]

noun

1. a U.S. federal bank, established in 1934, that is authorized, in the interest of promoting foreign trade, to make loans to foreign governments and commercial enterprises, with the provision that such funds be used only to purchase U.S. goods.

Example Sentences

The Export-Import Bank in Washington provided Vilnius with $600 million in export credit, and the Pentagon signed a procurement agreement with the country.

From Seattle Times

The Export-Import Bank of the United States was at the bottom of the small agencies category while the Federal Bureau of Prisons, with a score of 38.1 out 100, was at the bottom of the subcomponents list.

From Seattle Times

The last one to succeed was in 2015 on legislation to renew the Export-Import Bank.

From New York Times

Just days before the vote, six lawmakers had urged the bank, the Export-Import Bank of the United States or ExIm, not to move ahead with the financing, given the project’s negative effects on the climate.

From New York Times

Liu Liange is accused of taking advantage of his positions at the Bank of China and previously as president of the Export-Import Bank of China, the Supreme People’s Procuratorate said in a statement posted on social media.

From Seattle Times