The U.S. Export-Import Bank recently approved a nearly $3 billion loan guarantee to a Colombian oil refinery, one of many recent moves by the bank. In an email interview, Gary Hufbauer, Reginald Jones Senior Fellow at the Peterson Institute for International Economics, discussed the operations of the U.S. Export-Import Bank. WPR: What is the core mission of the U.S. Export-Import Bank and what are its principal activities? Gary Hufbauer: The core mission of the U.S. Export-Import Bank should be to promote U.S. exports of goods and services in circumstances where financing conditions make a difference. The bank carries out its […]
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