The Export-Import Bank of the United States (EXIM), Office of Inspector General (OIG) was authorized by Congress in 2002 (P.L. 107-189) amending the Inspector General Act of 1978. OIG commenced operations in August 2007. OIG is headed by an Inspector General who is appointed by the President of the United States with the advice and consent of the United States Senate.
The Inspector General provides independent and objective reviews of EXIM's operations. The Inspector General is required to keep both the Chair and Congress fully and currently informed about the problems and deficiencies relating to the administration of EXIM's programs and operations and the necessity for corrective action.
The Inspector General provides objective information to promote integrity, economy, efficiency and effectiveness in EXIM's management, decision-making, and accountability. OIG seeks to serve as an agent of positive change, focusing on eliminating fraud, waste and abuse and identifying problems and making recommendations for corrective actions to EXIM's management.
Recent Reports
Recent Recommendations
Management Advisory: EXIM’s Working Capital Guarantee Program Master Guarantee Agreement
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Recommendation #1
EXIM’s Office of Small Business, Business Credit Division, should amend the language in Section 4.07 of EXIM’s Working Capital Guarantee Program Master Guarantee Agreement to specifically reference EXIM OIG as having authority to access EXIM lender records.
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Recommendation #2
EXIM’s Office of Small Business, Business Credit Division, should include mandatory reporting language in the Working Capital Guarantee Program Master Guarantee Agreement that requires EXIM lenders to notify EXIM OIG, along with EXIM, of known or suspected fraud related to EXIM loan guarantees.
Review of Access Control Measures at EXIM Headquarters
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Recommendation #1
EXIM’s Chief Management Officer, in coordination with the Vice President for the Administrative Services Division, should spearhead the establishment of an interagency working group with key stakeholders to address physical access controls, including EXIM’s lack of authority for physical access controls, as well as other life-safety and security issues the group may identify at EXIM headquarters.
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Recommendation #2
EXIM’s Chief Management Officer, in coordination with the Vice President for Administrative Services Division, should develop an action plan, including a cost benefit analysis, to address the EXIM headquarters turnstile access issues identified in this report.