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The U.S. is expanding the Export-Import Bank to counter China’s export financing, boost domestic industries, and secure supply chains ahead of reauthorization.
The U.S. is strengthening the Export-Import Bank (EXIM) as a key tool to boost domestic industries, secure supply chains, and counter China’s state-backed export financing, with Chairman John Jovanovic testifying before Congress.
EXIM, now central to national economic strategy, has integrated the China and Transformational Exports Program into core operations, with one in four transactions tied to it.
Lawmakers warn that China provided $23 billion in export credit in 2024—four times more than EXIM’s support for U.S. firms—and stress the need for reauthorization before the bank’s mandate expires.
EXIM is advancing “Project Vault,” a $12 billion public-private effort to build a strategic reserve of critical minerals.
The bank remains profitable, returning nearly $10 billion to the Treasury and maintaining a lower default rate than private lenders.
Small businesses receive 90% of EXIM authorizations, though outreach and internal reforms are ongoing to improve efficiency and accountability.
Estados Unidos está expandiendo el Banco de Exportación e Importación para contrarrestar el financiamiento de exportación de China, impulsar las industrias domésticas y asegurar las cadenas de suministro antes de la reautorización.