The Export-Import Bank of the United States (Ex-Im Bank) has announced it is ready to process applications for transactions supported by a letter of credit from buyers or banks located in third countries.
In addition, Ex-Im Bank financial backing may be available for US subcontractors exporting goods and services to Iraq under US Agency for International Development (USAID) contracts, the bank said in a June 19 news release.
While Ex-Im Bank is still closed for regular trade finance transactions in Iraq, it has determined it is no longer legally prohibited from supporting any U.S. exports to the country. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
