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Summary of the Meeting of the Board of Directors

Friday, March 26, 2004
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Thursday, April 22, 2004

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

MARCH 26, 2004

Item No. 1Minutes of February 23, 2004 Board Meeting to be approved.

Board Decision: APPROVED

Item No. 2Minutes of February 26, 2004 Board Meeting to be approved.

Board Decision: APPROVED

Item No. 3Minutes of March 11, 2004 Board Meeting to be approved.

Board Decision: APPROVED

Item No. 4

Country PEOPLE'S REPUBLIC OF CHINAPolicy No: ELC - 121145

Request for: Issuing Bank Credit Limit Coverage Type/Term: Comprehensive/ST

Policy Type: Letter of Credit

Insured: JP Morgan Chase Bank, New York, NY

Buyer/Obligor: Bank of Communications

End User: West-East Pipeline Project

Guarantor: None

Exporter: General Electric Company, Fairfield, CT

Broker: EIA Global

Products/Use: Gas Turbines and Other Power GenerationEquipment to be used in a
Natural Gas Pipeline in China

Total Principal Liability (Millions): $20+

Board Decision: APPROVED

Item No. 5

Country PEOPLE'S REPUBLIC OF CHINAPolicy No: ELC - 121145

Request for: Issuing Bank Credit LimitCoverage Type/Term: Comprehensive/ST

Policy Type: Letter of Credit

Insured: JP Morgan Chase Bank, New York, NY

Buyer/Obligor: Bank of China

End User: West-East Pipeline Project

Guarantor: None

Exporter: General Electric Company, Fairfield, CT

Broker: EIA Global

Products/Use: Gas Turbines and Other Power Generation Equipment to be used in a
Natural Gas Pipeline in China

Total Principal Liability (Millions): $20+

Board Decision: APPROVED


ITEM NO 6

Country ROMANIA AP077758XX

Request for FINAL COMMITMENT

Applicant COMMERZBANK AG, NEW YORK NY

Borrower MINISTRY OF ENVIRONMENT, SECTOR 5 BUCHAREST ROMANIA

Guarantor MINST OF FINANCE, SECTOR 1, BUCHAREST ROMANIA

Buyer APELE ROMANE, BUCHAREST 70106 ROMANIA

End-user APELE ROMANE, BUCHAREST 70106 ROMANIA

Exporter LOCKHEED MARTIN CORPORATION, SYRACUSE NY

Supplier DELL COMPUTER CORPORATION, ROUND ROCK TX

Supplier HACH COMPANY, LOVELAND CO

Supplier ADDITIONAL SUPPLIERS

Gteed Lender COMMERZBANK AG, NEW YORK NY

Project Name DESWAT

Project Description DESWAT HYDROLOGICAL PROJECT

Product Description COMPUTER SYSTEMS DESIGN SERVICES

Financed Amount $ 38,742,280

Repayment Term 6 YEARS

Board Decision APPROVED

ITEM NO 7

Country ARGENTINA AP079686XX

Request for FINAL COMMITMENT

Applicant BARRICK GOLD CORPORATION, TORONTO, ONTARIO M5J 2S1 CANADA

Borrower MINERA ARGENTINA GOLD S.A.,

Guarantor NONE

Buyer MINERA ARGENTINA GOLD S.A.,

End-user MINERA ARGENTINA GOLD S.A.,

Exporter INGERSOLL-RAND COMPANY, ANNANDALE NJ

Exporter METSO MINERALS (MILWAUKEE), MILWAUKEE WI

Exporter ADDITIONAL EXPORTERS

Supplier INGERSOLL-RAND COMPANY, ANNANDALE NJ

Supplier METSO MINERALS (MILWAUKEE), MILWAUKEE WI

Supplier ADDITIONAL SUPPLIERS

Project Name VELADERO

Project Description VELADERO GOLD MINE PROJECT

Product Description CONSTRUCTION MACHINERY MANUFACTURING

Financed Amount $ 76,500,000

Repayment Term 6.5 YEARS

Board Decision APPROVED