The Export-Import Bank's Financing of Dual-Use Exports
GAO-10-1052R, Sep 15, 2010
- Accessible Text:
Since October 1994, the Export-Import Bank of the United States (Ex-Im) has had statutory authority to provide loans, guarantees, and insurance 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 (dual-use). These exports, referred to as "dual-use" exports, include such items as vehicles that are used by the military primarily for civilian or humanitarian purposes. Legislation providing this authority requires us to report annually on the end uses of the dual-use exports financed by Ex-Im during the second preceding fiscal year. This report covers Ex-Im financing for dual-use exports in fiscal years 2007 through 2009.
Ex-Im did not finance any dual-use exports in fiscal years 2007, 2008, or 2009. According to Ex-Im's Vice President of the Engineering and Environment Division, and our review of relevant data on Ex-Im authorizations, Ex-Im last financed dual-use exports in fiscal year 2002.