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Eximbank loans boost US exports with subsidized rates
The U.S. Export-Import Bank provided about 2.4 billion in fiscal 1973 loans to US exporters and foreign buyers at 6 percent, funded by Treasury capital and private borrowing. The program aims to raise exports and improve balance of payments, though critics warn of inflation and domestic side effects. Notable loans included Algeria gas, Russia truck, and Iran refinery deals.
MENTIONED IN THIS ARTICLE
New York
U.S
Eximbank
Iran
John Petty
Lehman Brothers
Bank of Tokyo
United States
Warren Glick
Senate
Petty
Glick
Germany
France
Japan
GAO
Treasury
Peter Beter
Nixon
Henry Kissinger
Beter
Henry Kearns
Don Bostwick