U.S. Ex-Im Bank Open for Business in Georgia
October 10, 2006The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) has voted to add Georgia to the list of countries with which it can do business. For both the public and private sectors in Georgia, Ex-Im Bank will now be available to finance transactions from Georgian buyers of U.S. goods and services in the short-, medium- and long-term. “ Georgia has made significant improvements in the areas of strengthening the country’s fiscal position and the overall business climate,” remarked John F. Tefft, U.S. Ambassador to Georgia. “I am pleased that Ex-Im Bank’s action will make it easier for Georgian businesses to obtain high quality U.S. goods and services.” “Ex-Im Bank looks forward to supporting transactions and projects involving U.S. exports to Georgia,” added Brian Sant Angelo, Ex-Im Bank Country Business Development Officer for Georgia. The decision to begin doing business with Georgia was approved by the board of directors on September 28, 2006 and is effective October 5, 2006. Ex-Im Bank is the official export credit agency of the United States. Ex-Im Bank this year marks its 72nd year of helping finance the sale of U.S. exports, primarily to emerging markets throughout the world. In fiscal year 2005 Ex-Im Bank authorized nearly $14 billion transactions supporting almost $17.9 billion in U.S. exports. More information is available through ExIm’s website at: www.exim.gov
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