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Ex-Im Bank Expands Support For U.S. Exports To Selected Countries Costa Rica, Croatia, Moldova, Azerbaijan, Palau, Marshall Islands, Bolivia

FOR IMMEDIATE RELEASE October 1, 1998

Media Contact Name/Phone: 

Marianna Ohe (202) 565-3200

The Board of Directors of the Export-Import Bank of the United States (Ex-Im Bank) voted to expand its programs to finance the export sale of U.S. goods and services to Costa Rica, Croatia, Moldova, Azerbaijan, Palau, the Marshall Islands and Bolivia, effective October 15, 1998. The actions were the result of a normal cover policy review reflecting economic improvements in those countries.

U.S. exporters or foreign buyers of U.S. goods will be able to apply for financing under the following Ex-Im Bank programs: Costa Rica -- long-term sovereign (government) financing now will be available. (Programs offering short- and medium-term sovereign financing, and short-, medium- and long-term private sector financing already are open.) Croatia -- long-term private sector financing will be available. (Programs offering short-, medium- and long-term sovereign financing and short- and medium-term private financing already are open.) Moldova -- long-term sovereign financing, and short- and medium-term private sector financing will be available. (Programs offering short- and medium-term sovereign financing already are open.) Azerbaijan -- short- and medium-term sovereign financing will be available. Palau -- long-term sovereign financing will be available. (Programs offering short- and medium-term sovereign financing already are open.) Marshall Islands -- short- and medium-term private sector financing will be available. Bolivia -- Ex-Im Bank resumed short- and medium-term sovereign financing based on Bolivia`s good progress under IMF-supported programs. (Programs offering short-, medium- and long-term private sector financing already are open.) (NOTE: Programs not specified above for a particular country are unavailable there at this time. Check Ex-Im Bank`s web site [www.exim.gov under Country Information] for details on program availability in these countries and all countries where Ex-Im Bank is open to do business.)

Ex-Im Bank also closed long-term sovereign and private sector financing programs in the Solomon Islands but continues to provide short- and medium-term sovereign and private sector financing. In Kiribati, Ex-Im Bank discontinued sovereign financing and long-term private sector financing, but continues to provide short- and medium-term private sector financing.