Ex-Im Bank adopts additionality, economic impact reforms
The Export-Import Bank has adopted some reforms to its “additionality” policy to obtain greater assurance from exporters that it is not competing against private financing as well as some reforms to its economic impact procedures that could result in increased scrutiny of commercial aircraft transactions, the agency announced last week. The bank said it reviewed its “additionality” policy, which stipulates that Ex-Im financing should supplement but not compete with private capital, and should provide exporters support when it is not...