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Languages : en
Pages : 0
Book Description
Since October 1994, the Export-Import Bank of the United States has had statutory authority' to provide loans and loan guarantees to help finance U.S. exports of defense articles and services, provided that it determines these items are nonlethal and meant primarily for civilian use. These exports, which the Bank refers to as "dual-use" exports, include such items as air traffic control systems that have military applications but will be used mainly for civilian purposes. The Bank is authorized to use up to 10 percent of its total annual export financing authority to support the sale of dual-use exports. This report responds to our statutory mandate to report on the end uses of such dual-use exports supported by the Bank, in order to assure that they have been employed primarily for civilian purposes. In September 1999, we reported on the Bank's financing and end uses of dual-use exports approved in fiscal year 1997,2 as required. That report also summarized dual- use commitments for fiscal years 1998-99. This report provides information regarding the extent of financing and end uses of dual-use exports approved during fiscal year 1998. It also summarizes the commitments to finance dual-use exports made in fiscal years 1999 and 2000 to date. The enclosure to this report lists the specific items, recipients, and amounts of the Bank's dual-use financing for fiscal years 1998-2000.
Author: United States. General Accounting Office
Author: United States. General Accounting Office
Author: United States. General Accounting Office
Author: Loren Yager
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance
Author: 
Author: 
Author: United States. General Accounting Office. National Security and International Affairs Division
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance