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Summary of the Meeting of the Board of Directors

Thursday, March 24, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Jonathan J. Cordone, General Counsel, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, March 24, 2011, in the Board Room will disclose infonnation of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Date Posted: Thursday, March 17, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

MARCH 24, 2011

ITEM NO 1 Policy No.: FB-496855
Country: Mexico Coverage Type/Term: Comprehensive/ST
Request For: 12-Month Policy
Policy Type: Financial Institution Buyer Credit

Insured: Espirito Santo Bank, Miami, FL
Buyer/Obligor: Comercializadora Portimex S.A. de C.V., Mexico DF, Mexico
End-User: Comercializadora Portimex S.A. de C.V., Mexico DF, Mexico
Guarantor: Consorcio Granelero de Tuxpam S.A.de C.V.,Mexico DF, Mexico
Guarantor: Granelera Internacional de Tuxpam,S.A. de C.V.,Mexico, D.F., Mexico
Guarantor: Additional Guarantors
EXPORTERS: CHS,Inc., Inver Grove Heights,MN and Louis Dreyfus Corporation, Wilton,CT
SUPPLIER: CHS,Inc., Inver Grove Heights,MN and Louis Dreyfus Corporation, Wilton,CT
Broker: International Risk Consultants
Product/Use: Wheat, Corn and Sorghum
EX-IM Bank Liability (Millions): $5 - $20

Board Decision APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.

ITEM NO 2A
Country HONG KONG AP085765XX
Request for FINAL COMMITMENT

Applicant CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
Borrower SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Buyer SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
End-user CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender CITIBANK N.A., CENTRAL DISTRICT, HONG HONG KONG
Gteed Lender BNP PARIBAS, SINGAPORE 049319 SINGAPORE
Lessor SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Lessee CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
Cofin ECA NIPPON EXPORT & INVESTMENT INSURANCE (NEXI),CHIYODA-KU TOKYO 101-0065JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg and Director Kian voted
in favor of the referral, Director Farrell recused herself.

ITEM NO 2B
Country HONG KONG AP084757XX
Request for FINAL COMMITMENT

Applicant CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
Borrower SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Buyer SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
End-user CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier ADDITIONAL SUPPLIER
Gteed Lender CITIBANK N.A., CENTRAL DISTRICT, HONG HONG KONG
Gteed Lender BNP PARIBAS, SINGAPORE 049319 SINGAPORE
Lessor SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Lessee CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor
of the transaction, Director Farrell recused herself.

ITEM NO 3
Division TRADE FINANCE DIVISION Financing Type/Term NEW CGF/M-T
Country COLOMBIA Financing Options 1/COMPREHENSIVE GTEE
Request (Amendment)

Applicant BNP PARIBAS, NEW YORK, NY 10019
Borrower ECOPETROL S.A., BOGOTA COLOMBIA
Guarantor NONE
Buyer ECOPETROL S.A., BOGOTA COLOMBIA
End-user ECOPETROL S.A., BOGOTA COLOMBIA
Exporter VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Gteed Lender BNP PARIBAS, NEW YORK, NY 10019

Project Name NONE
Project Description CRUDE PETROLEUM PRODUCTION
Product Description FINANCE U.S. GOODS AND SERVICES

Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the amendment.