Don’t write off the Export-Import Bank of the United States just yet.
Congress went into recess last week without reauthorizing the bank’s charter, but some members of the Senate and House of Representatives may resurrect the 81-year-old financial institution, Devex has learned.
Congressional advocates of the bank — which extends loan guarantees to U.S. businesses seeking to export and invest overseas, often in developing markets — will likely attach an Ex-Im reauthorization to the first bill of the new session with enough bipartisan support to carry the controversial trade agency back into existence, experts told Devex.
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About the author
Molly Andersmollyanders_dev
Molly Anders is a former U.K. correspondent for Devex. Based in London, she reports on development finance trends with a focus on British and European institutions. She is especially interested in evidence-based development and women’s economic empowerment, as well as innovative financing for the protection of migrants and refugees. Molly is a former Fulbright Scholar and studied Arabic in Syria, Jordan, Egypt and Morocco.