Agriculture Department and banking officials said they could not recall a previous instance in which a major guaranteed agricultural-export loan had been claimed entirely by foreign banks.
On the same day the Export-Import Bank approved the Chernogorskoye loan, it signed a memorandum of understanding with Russia to secure a "framework agreement" for oil and gas-related lending to that country.
And if Petrobras ever does utilize the loan facilities provided by the Export Import Bank, it is good for US companies who will get orders for goods and services, and good for Petrobras who will use those goods and services to pump out more oil for Brazil, and the world.
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We were able to source competitively-priced bank loans like our recently executed secured term loan facility with the Import-Export Bank of Korea and ABN AMRO.
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It has long been evident that Pakistan needs to export more, improve tax collection and pursue bank-loan defaulters.
Certainly, this trend is a minus for the many leveraged loan issuers that either operate in, or export to, Europe.
Even as he targets international trade through the guaranteed-loan program of the U.S. Export-Import Bank, he is watching the home front--literally, with mortgages for developers who build low-income housing in southern California.
This is what they have to deal with if they want even the most basic answers to the most basic questions like how to export to a new country or whether they qualify for a loan.
Ordinarily, a question of whether to reauthorize the U.S. Export-Import Bank (Ex-Im) and to increase its loan limit would be about asuncontroversial a proposition as one could find on Capitol Hill.
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