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Thursday, February 13, 2014

EX-IM BANK NAMED "MULTILATERAL" OF THE YEAR BY PROJECT FINANCE INTERNATIONAL

FROM:  EXPORT-IMPORT BANK 
Project Finance International Names Ex-Im Bank “Multilateral” of the Year

 Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) was named 2013’s Global Multilateral of the Year by Project Finance International (PFI) in recognition of the Bank’s “game-changing” deals and its strategic portfolio expansion.

“We are very appreciative of Project Finance International’s recognition of our work on behalf of U.S. exporters and their operations abroad,” said Export-Import Bank Chairman and President Fred P. Hochberg. “In today’s hyper-competitive environment, Ex-Im Bank’s role is indispensable for responding to gaps in export financing and leveling the playing field for U.S. exporters. Supporting American jobs is at the forefront of what we do.”

PFI also listed two of Ex-Im Bank’s 2013 Middle East transactions on its “Roll of Honour,” namely, Ex-Im Bank’s direct loan to the Sadara Chemical Company for the construction of a petrochemical plant in Saudi Arabia and the Bank’s direct loan to Emirates Aluminum Company Ltd. for the expansion of a smelter complex in the U.A.E.

The Sadara transaction still ranks as Ex-Im Bank’s largest authorization in its history and supported a record 18,400 American jobs, including 2,300 small-business jobs.