Ex-Im Bank Adopts The Equator Principles To Facilitate Project Finance Application And Review

April 12, 2011 at 7:00 am

WASHINGTON, D.C.: The Export-Import Bank of the United States (Ex-Im Bank) today announced its adoption of the Equator Principles, a globally recognized benchmark for financial institutions to determine, assess and manage the social and environmental risks of international project financing.

The Equator Principles are a voluntary set of standards that were developed by private-sector banks, including Citigroup, in consultation with the World Bank Group’s International Finance Corporation, project sponsors, engineers and nongovernmental organizations.

In adopting the Equator Principles, Ex-Im Bank joins more than 70 financial institutions and three other export-credit agencies (ECAs): Export Development Canada (EDC), Denmark’s Eksport Kredit Fonden (EKF) and Australia’s Export Finance and Investment Corp. (EFIC).

“The Equator Principles are a natural fit for Ex-Im Bank. Adopting them will enable us to speak the same language as our commercial partners and work more closely with them to streamline the review process for new projects,” said Ex-Im Bank Chairman and President Fred P. Hochberg.  Read more.

L. Formella, Export-Import Bank of the United States, March 31, 2011

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Entry filed under: Imports/Exports, United States.

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