- Quote from President Obama
- Mission
- Chairman's Message
- FY 2011 Highlights
- Supporting U.S. Jobs
- Global Access for Small Business
- Infrastructure
- Key Markets
- Sub-Saharan Africa
- Key Industries
- Renewable Energy and Environment
- Map of Exports Support by State
- Directors and Officers
- FY 2011 Financial Report
Supporting U.S. Jobs
Ex-Im Bank Finances U.S. Exports to Reficar Refinery in Colombia, Supporting Over 15,000 American Jobs
In FY 2011, Ex-Im Bank approved a $2.84 billion direct loan/loan guarantee to Colombia’s Refinería de Cartagena S.A. (Reficar), an independent subsidiary of Ecopetrol S.A., Colombia’s national oil and gas company. |
Ex-Im Bank’s mission is to support American jobs by facilitating the export of U.S. goods and services through providing competitive export financing and ensuring a level playing field for U.S. goods and services in the global marketplace.
Ex-Im’s congressional charter states, "The Bank’s objective in authorizing loans, guarantees, insurance and credits shall be to contribute to maintaining or increasing employments of United States workers." Since its founding in 1934, Ex-Im Bank has financed over $474 billion of U.S. exports that has supported millions of American jobs.
U.S. Jobs Supported by Ex-Im Bank
(Click here to view as a static graphic)
Small Business Adds Many Jobs with Ex-Im Bank Working Capital Financing
Wallquest Inc. – a small-business designer, manufacturer and distributor of consumer and commercial decorative wall coverings – has been exporting to foreign distributors for 30 years. |
In FY 2011, Ex-Im Bank
- Authorized financing to support more than 3,700 export transactions of all sizes with a total estimated value of $41.3 billion.
- Helped more than 3,600 companies through this financing to support an estimated 288,000 export-related U.S. jobs.
| Ex-Im Bank’s Jobs Calculation Methodology
Ex-Im Bank developed a methodology, reviewed by the Office of Management and Budget and based upon data computed by the Bureau of Labor Statistics (BLS), to calculate the number of jobs associated with Ex-Im-supported exports of goods and services. The Bank uses the latest available domestic employment requirements table (ERT) as computed by the BLS to calculate the number of jobs associated with Ex-Im-supported goods and services. Derived from (i) Bureau of Economic Analysis (BEA) Input-Output tables, (ii) BEA National Income and Product Accounts data (NIPA final demand components), and (iii) BLS industry employment data, the ERT quantifies the number of direct and indirect production-related jobs associated with a million dollars of final demand for 202 detailed industries. The ERT is a tool produced by the BLS biennially as an input into their employment projections program. The Trade Promotion Coordinating Committee (TPCC) identified this basic methodology as the official U.S. government calculation of jobs supported through exports. For jobs estimates based on all Ex-Im transactions, the Bank supports 7,300 jobs per $1 billion of U.S. exports. This is a weighted-average based on each industry's relative jobs per $1 billion average at time of calculation. |