New 18-Year Repayment Terms From Ex-Im Bank

Law360, New York (August 13, 2009, 12:56 PM EDT) -- The Export-Import Bank of the United States (Ex-Im Bank) announced, on July 14, 2009, that it will now offer 18-year repayment terms for exports to water, renewable energy and nuclear power projects. Ex-Im Bank will also offer a more flexible repayment schedule and revised interest rates.

Background

The longer repayment terms are allowed under a new understanding among the Organization for Economic Cooperation and Development (OECD) member countries.

One of the OECD’s roles is to ensure that export credits do not amount to subsidies for domestic...
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