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The Export–Import Bank of the United States, the country's official export credit agency, was established.
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Export–Import Bank of the United States
American public bank
The Export–Import Bank of the United States (EXIM) is the official export credit agency (ECA) of the United States federal government. Operating as a wholly owned federal government corporation, the bank "assists in financing and facilitating U.S. exports of goods and services",…Source: Wikipedia (CC BY-SA)
Export credit agency
Intermediary between governments and exporters
An export credit agency or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions and guarantees for financing. The financing can take the form of…Source: Wikipedia (CC BY-SA)