Mexico-Specific Information Available on Bank's Web Site in Spanish and English
FOR IMMEDIATE RELEASE June 27, 2004
Linda Formella (202) 565-3200
WASHINGTON, D.C.: Mexican companies seeking financing to purchase U.S. goods and services can now access information on the financial products of the Export-Import Bank of the United States (Ex-Im Bank) directly from a new Mexico portal that has been added to the agency's Web site at (pages under construction). The Mexico portal is the first of several country-specific, bilingual Web portals that Ex-Im Bank will add to its Web site to assist foreign buyers and U.S. exporters in emerging markets. A Spanish version of Ex-Im Bank's entire Web site will be available later this summer.
Mexico is currently the largest country market in the world for Ex-Im Bank's financing, and we want to do everything we can to help more Mexican companies learn how to use our products to finance their purchases of U.S. goods and services, said Ex-Im Bank Vice Chair April Foley. Foley is participating in the Partnership for Prosperity Conference being held in Guadalajara, Mexico, on June 28-29, 2004.
Ex-Im Bank's Mexico Web portal, also useful for U.S. companies seeking to export to Mexico, provides information in both Spanish and English on all of Ex-Im Bank's financial products: export credit insurance, loan guarantees, direct loans, and structured and project finance. The portal also describes Ex-Im Bank's foreign currency agreement with Mexico's largest development bank, Nacional Financiera (NAFIN), which allows NAFIN to offer peso-denominated loans guaranteed by Ex-Im Bank to Mexican small and medium-sized enterprises buying U.S. exports. The portal also provides contact information for Ex-Im Bank's business development officer for Mexico, Xiomara Creque, as well as the names and contact information for U.S. Commercial Service staff in Mexico City, Monterrey and Guadalajara.
Ex-Im Bank, the official export credit agency of the United States, is in its 70th year of helping finance the sale of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export credit insurance and direct loans. In fiscal year 2003, Ex-Im Bank authorized $1.6 billion in financing to support U.S. exports to Mexico. Ex-Im Bank supported $14.3 billion of U.S. exports worldwide in FY 2003. For more information, visit www.exim.gov.