Ex-Im Bank in Sub-Saharan Africa

1
Ex-Im Bank in Sub-Saharan Africa

• 2006 AGOA Summit, Washington DC
• Ministerial Forum
• Linda ConlinMember, Board of Directors
• June 6, 2006

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Ex-Im Bank Introduction

• Official export credit agency of the United
  States
• Mission assist in finance of the export of U.S.
  goods and services to international markets
• Not a development agency must have reasonable
  assurance of repayment
• Does not compete with private sector lenders, but
  assumes credit and country risks that the private
  sector is unable or unwilling to accept
• With more than 70 years of experience, Ex-Im Bank
  has supported more than 400 billion in exports

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How Does Export-Import Bank Fit In?
State Department gives foreign policy guidance
U.S. Embassies Commerce Department provides
information, counseling and expertise - FCS U.S.
Trade Development Agencyprovides project
planning funding and assistance OPIC provides
project finance and investment insurance Export-I
mport Bank finances exports through varied term
programs and insurance
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What Ex-Im Bank Does

• EXPORT FINANCE SOLUTIONS
• Working Capital Guarantees (pre-export)
• Short and Medium-Term Insurance
• Medium- and Long-Term Loan Guarantees
• Up to 15-year repayment terms for environmentally
  beneficial renewable energy and water/wastewater
  projects
• Structured/Project Finance

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Ex-Im Bank in Sub-Saharan Africa

• Short Term 44 out of 48 SSA countries
• Medium Term (up to 5 yrs) 25 SSA countries
• Long Term 12 SSA countries
• Long Term Project Finance 47 SSA countries

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Number of Transactions in Sub-Saharan Africa
7
Ex-Im Bank in Sub-Saharan Africa

• Approved 115 transactions for 462 million in 20
  countries in Sub-Saharan Africa.

8
Ex-Im Sub-Saharan Africa Initiative

• Sub-Saharan Africa is a priority region, as
  outlined by Ex-Ims Charter
• Establishment of SSA Advisory Committee
• Africa Business Development Group
• Africa Newsletter to for U.S. exporters and
  African buyers
• Short-Term Insurance Pilot Program (STIPP) makes
  insurance available to exports to 19 SSA
  countries that would otherwise be ineligible for
  Ex-Im support

• USTDA initiative

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Ex-Im Sub-Saharan Africa Initiative

• Nigerian Oil and Gas Subcontractor Initiative
• In an effort to increase local employment oil
  companies must give service contracts for
  operations to local companies
• Local companies need to gain access to U.S. goods
  and services to fulfill contracts.
• NNPC developing standards to qualify local
  companies
• Local companies do not always meet credit
  standards new structure envisioned to
• 1) Enhance local company credit and debt capacity
• 2) Ensure debt repaid through contractual
  payments

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Sub-Saharan Africa Success Stories

• Mauritius
• An Ex-Im Bank short-term insurance policy covered
  the sale of over 600,000 of cotton yarn to
  Socota Textile Mills, Ltd., of Curepipe,
  Mauritius and Consolidated Fabrics, Ltd., of
  Solitude, Mauritius.
• The U.S. yarn inputs were used for manufacturing
  purposes in Mauritius
• mutually beneficial trade in line with mission of
  AGOA

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Sub-Saharan Africa Success Stories

• Oil and Gas
• Nigeria LNG
• Ex-Im financed 115 mn of an LNG plant in
  Nigeria out of 1.9 total project costs. LNG
  Delivered to Europe and US East Coast.
• Angola Cabinda Oil Wells
• Project financing allowed US exporter to complete
  its sale contract of 200 mn for the development
  of oil wells off the coast of Angola.

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International Business Development

• John Richter, Regional Director
• E-mail John.Richter_at_exim.gov
• Tel [phone] / Fax [phone]
• Ricardo Michel, Business Dev. Officer
• E-mail Ricardo.Michel_at_exim.gov
• Tel [phone] / Fax [phone]
• Internet http//www.exim.gov
• E-mail eximafrica_at_exim.gov