Export-Import Bank: Financing of Dual-Use Exports

Correspondence issued by the Government Accountability Office with an abstract that begins "Since October 1994, the Export-Import Bank of the United States (Ex-Im) has had statutory authority to facilitate the financing of U.S. exports of defense articles and services, provided that Ex-Im determines that these items are nonlethal and primarily meant for civilian use. These “dual-use” exports include items such as vehicles that are used by the military mainly for civilian or humanitarian purposes. Ex-Im did not finance any transactions under its dual-use authority in fiscal year 2011 and financed three transactions under its dual-use authority in fiscal year 2012. The transactions financed in fiscal year 2012 were (1) a satellite for Eutelsat of France, (2) road construction equipment for the government of Cameroon, and (3) three satellites for the government of Mexico. At the time of publication of this report, little of the equipment financed had been delivered to end users. Prior to fiscal year 2012, Ex-Im last provided financing for dual-use exports in fiscal year 2002.