Transcript Financing Export Opportunities in Kazakhstan US Ex-Im Bank Government Support

The Export-Import Bank of the United States
Financing Export Opportunities
in Kazakhstan
Government Support
Programs:
US Ex-Im Bank
Jeffrey Abramson
Export-Import Bank of the United States
September 8, 2005 – San Diego, CA
The Export-Import Bank of the United States
Overview of US Ex-Im Bank
Mission
The Export-Import Bank of the United
States is an independent government
agency supporting the creation of US
jobs by financing the overseas sales of
US goods and services
Ex-Im Bank has provided more than $400 Billion in
export financing since its establishment in 1934
The Export-Import Bank of the United States
Overview of US Ex-Im Bank
Objectives
•Meeting foreign competition
•Supplementing commercial financing
•Absorbing non-payment risk
The Export-Import Bank of the United States
Overview of US Ex-Im Bank
Recent Activity – Annual Authorizations
8.5
7.7
7.4
4.6
2.7
2.5
0.3
2002
$ Billion
0.2
0.1
Loans
2003
Guarantees
2004
Insurance
The Export-Import Bank of the United States
Overview of US Ex-Im Bank
Basic Transaction Criteria
US Content
Shipped from the US
No min or max
transaction size
Limited Exclusions
The Export-Import Bank of the United States
Tools For Exporters
Ex-Im Programs
• Working Capital
Guarantees
• Export Credit
Insurance
• Medium/LT
Guarantees
• Medium/LT Loans
• Project Finance
• Credit Guarantee
Facilities
• Environmental &
Medical Programs
• Transportation
Finance
• Dealer Finance
The Export-Import Bank of the United States
Market Experience & Outlook
Experience
• Experience dating to 1994
• Exposure of more than $300 million
• Infrastructure and Agriculture lending
• Excellent repayment experience
Although currently a small market for US exporters,
Kazakhstan represents a significant market opportunity
The Export-Import Bank of the United States
Market Experience & Outlook
Key Elements
• Bank Guarantees or Structured/Asset-Based
Lending
• Require financial statements audited to
International Financial Reporting Standards
• Some limitations on discretionary authority
for short-term lending
• Sovereign (i.e. full faith and credit) generally
required for public sector transactions
The Export-Import Bank of the United States
Market Experience & Outlook
Key Transactions
• GE Locomotives to Kazakhstan
National Railway -- $122 million
asset-based financing via ABN Amro
• Lucent Networking Equipment to
Kazakhtelecom -- $48 million bank
guaranteed (KKB) financing via
Societe Generale
• John Deere Equipment to Various
Agricultural Enterprises – $10 million
credit facility to OJSC Nurbank via
John Deere Credit
The Export-Import Bank of the United States
For More Information
www.exim.gov
Jeffrey Abramson
Trade Finance Division
Export-Import Bank of the United States
202-565-3412
[email protected]