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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
 
Program Assessment

Program

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Export Import Bank

This program provides repayment protection for private sector loans to creditworthy buyers of U.S. exports. The guarantee allows the Bank to match financing offers from foreign competitors supported by their governments or to provide financing support for high-risk countries for which private financing is not available.

Rating

What This Rating Means

PERFORMING
Moderately Effective

In general, a program rated Moderately Effective has set ambitious goals and is well-managed. Moderately Effective programs likely need to improve their efficiency or address other problems in the programs' design or management in order to achieve better results.
  • The program has strong management practices. It uses effective financial management practices and consistently meets the requirements of federal credit programs as evidenced by its yearly clean audit statements.
  • While the program analyzes guarantee applications to assess whether the exporter faces competition and has demonstrated significant results in its ability to match financing offers from foreign competitors supported by their governments, it needs to strengthen its performance measure that assesses the availability of private financing for the export.
  • The program has not been able to justify the rationale for 60% as an adequate performance measure, nor has it been able to prove that private sector financing did not exist for all of these exports.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Developing and implementing more effective performance measures to ensure that the Bank does not provide undue subsidies.
  • Reviewing the existing performance measure of the percentage of Long Term Guarantees that involve high-risk markets or high-risk customers to ascertain whether 60% is an appropriate target.

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