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Financing Export Opportunities in Kazakhstan

Financing Export Opportunities in Kazakhstan. Government Support Programs: US Ex-Im Bank. Jeffrey Abramson Export-Import Bank of the United States September 8, 2005 – San Diego, CA. Overview of US Ex-Im Bank Mission.

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Financing Export Opportunities in Kazakhstan

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  1. Financing Export Opportunities in Kazakhstan Government Support Programs: US Ex-Im Bank Jeffrey AbramsonExport-Import Bank of the United StatesSeptember 8, 2005 – San Diego, CA

  2. Overview of US Ex-Im BankMission The Export-Import Bank of the United States is an independent government agency supporting the creation of US jobs by financing the overseas sales of US goods and services Ex-Im Bank has provided more than $400 Billion in export financing since its establishment in 1934

  3. Overview of US Ex-Im BankObjectives • Meeting foreign competition • Supplementing commercial financing • Absorbing non-payment risk

  4. 7.7 7.4 2.5 2.7 0.2 0.3 0.1 Overview of US Ex-Im BankRecent Activity – Annual Authorizations 8.5 4.6 2002 2003 2004 Loans Guarantees Insurance $ Billion

  5. Overview of US Ex-Im Bank Basic Transaction Criteria US Content Shipped from the US No min or max transaction size Limited Exclusions

  6. Tools For Exporters Ex-Im Programs • Working Capital • Guarantees • Medium/LT • Guarantees • Credit Guarantee • Facilities • Environmental & • Medical Programs • Export Credit • Insurance • Medium/LT Loans • Project Finance • Transportation • Finance • Dealer Finance

  7. Market Experience & OutlookExperience • Experience dating to 1994 • Exposure of more than $300 million • Infrastructure and Agriculture lending • Excellent repayment experience Although currently a small market for US exporters, Kazakhstan represents a significant market opportunity

  8. Market Experience & OutlookKey Elements • Bank Guarantees or Structured/Asset-Based Lending • Require financial statements audited to International Financial Reporting Standards • Some limitations on discretionary authority for short-term lending • Sovereign (i.e. full faith and credit) generally required for public sector transactions

  9. Market Experience & OutlookKey Transactions • GE Locomotives to Kazakhstan National Railway -- $122 million asset-based financing via ABN Amro • Lucent Networking Equipment to Kazakhtelecom -- $48 million bank guaranteed (KKB) financing via Societe Generale • John Deere Equipment to Various Agricultural Enterprises – $10 million credit facility to OJSC Nurbank via John Deere Credit

  10. For More Information www.exim.gov Jeffrey Abramson Trade Finance Division Export-Import Bank of the United States 202-565-3412 jeffrey.abramson@exim.gov

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