Political Risk and Export Finance

Here’s a great article on export credit. Following the fight over the Export-Import Bank of the United States, which I discussed here in 2014, here in 2015, here again in 2015, and in The Conversation last year, the bank was reauthorized by Congress after a brief shutdown period. Elaine Pofeldt has a good article in Global Trade where she discussed Ex-Im, the Overseas Private Investment Corporation, and other export finance options.

Predictably, I make an appearance discussing political risk. You can get the full article on Global Trade‘s website:

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When credit insurance broker Joel Berman reached out to the Export-Import Bank of the United States to secure $1 billion worth of coverage for a fire engine manufacturer that wanted to export its vehicles to China, he got a prompt reply: “Do you want $1 billion or two?”

Image of the Boeing Everett Factory via Jetstar Airways and Wikimedia. Boeing is a beneficiary of Ex-Im Bank’s financing options, creating jobs throughout the United States.