FOR IMMEDIATE RELEASE October 25, 2005
Phil Cogan (202) 565-3200
Washington, DC - When a buyer from Brasilia or Sao Paulo, or anywhere else in Brazil, wants to research the many ways that the Export-Import Bank of the United States (Ex-Im Bank) may help them acquire quality U.S. goods and services they now have a choice: English or Portuguese.
That's because Ex-Im Bank has just unveiled its sixth bilingual web portal on its web site at www.exim.gov. Starting today, U.S. exporters, Brazilian buyers and financial institutions from both countries will be able to choose either English or Portuguese language versions of key Ex-Im Bank information. The web pages explain how Ex-Im Bank may be able to assist either creditworthy Brazilian buyers of U.S. goods or services or U.S. exporters who may not be able to obtain financing from private sector sources at reasonable commercial terms.
Brazil is Ex-Im Bank's fifth largest market, ranking behind only Mexico, China, Korea, and Turkey. Ex-Im Bank's current exposure in Brazil is approximately US$2.5 billion. Ex-Im Bank's past transactions with Brazilian companies have been concentrated in the oil and gas, energy, mining, agriculture, medical and transportation sectors.
The new Brazilian portal on our web site will make it easier for Brazilian buyers and financial institutions to learn about Ex-Im Bank's programs, and that will help grow our business with Brazil, said President and Chairman (acting) James H. Lambright.
United States companies interested in exporting goods and services to Brazil can now access that information directly at (pages under construction), and Brazilian companies seeking financing to purchase U.S. goods and services, can now access the Portuguese language version of that information at (pages under construction).
Ex-Im Bank currently has five other country- or region-specific, bilingual web portals available.
- The Russia (pages under construction) (Russian and English languages),
- Mexico (Spanish and English languages),
- Turkey (Turkish and English languages),
- Ukraine (pages under construction) (Ukrainian and English languages) and
- Central Asia and Caucasus Regions (pages under construction) (Russian and English languages)
Portals may also be accessed on the Bank's Internet home page at www.exim.gov. Similar multi-lingual, country-specific portals are under development for other regions of the world.
Ex-Im Bank this year marks its 71st 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 2004, Ex-Im Bank, an independent federal agency, authorized financing to support approximately $17.8 billion in U.S. exports worldwide, a 25% jump from a year earlier.