Exim Bank

Exim Bank or Export-Import Bank may refer to:

Export credit agency

An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that is as an intermediary between national governments and exporters to issue export financing. The financing can take the form of credits (financial support) or credit insurance and guarantees (pure cover) or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two.

ECAs currently finance or underwrite about US$430 billion of business activity abroad - about US$55 billion of which goes towards project finance in developing countries - and provide US$14 billion of insurance for new foreign direct investment, dwarfing all other official sources combined (such as the World Bank and Regional Development Banks, bilateral and multilateral aid, etc.). As a result of the claims against developing countries that have resulted from ECA transactions, ECAs hold over 25% of these developing countries' US$2.2 trillion debt.