US Ex-Im charter officially expires

Region:

Americas

Jonathan Bell

Editor-in-chief

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As of midnight last night the charter for Export-Import Bank of the United States (US Ex-Im) officially expired, as no new vote on its reathorisation had taken place in the US Congress. As such, while this situation continues no new business will be done by US Ex-Im, making the US the only major economy in the world without an official export credit agency (ECA).