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Export-Import Bank: Enhancements Needed in Credit Program Underwriting Policies and Procedures

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Report Type Reports and Testimonies
Report Date May 14, 2019
Release Date May 14, 2019
Report No. GAO-19-43
Summary:

The Export-Import Bank helps finance U.S. companies' exports when private lenders are unable or unwilling to do so. The Bank is backed by the U.S. government—so taxpayers could be responsible for financial losses.

We reviewed the Bank's process to approve financing for exports and found that it appropriately assesses applicants' creditworthiness prior to approval. However, the Bank could improve how it oversees certain lenders authorized to make loans it guarantees, and how it conducts periodic program reviews.

We made two recommendations to enhance these processes.

 

Photo of a ship carrying U.S. exports

Photo of a ship carrying U.S. exports

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