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Examples
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The memo was a cover letter for "talking points for the Vice President in calling Eximbank Chairman William Draper concerning Exim financing" for Iraq.
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Bank, well-known as Eximbank, plans to achieve 44% growth in pre-tax
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Bank, well-known as Eximbank, plans to achieve 44% growth in pre-tax
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The potential deal with Amaggi Exportacao e Importacao—relatively small in size compared to other deals the bank has done in the region—nonetheless would represent China Eximbank's first investment in Brazil's agriculture sector, Feng Zengbin, deputy general manager of corporate banking at Eximbank, told The Wall Street Journal.
China Eximbank in Talks to Fund Brazil's Amaggi Lingling Wei 2011
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Chinese banks like Eximbank help companies to make big bets abroad, especially in sectors such as resources, given China's seemingly insatiable appetite for oil, natural gas and other commodities.
China Eximbank in Talks to Fund Brazil's Amaggi Lingling Wei 2011
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"It's hard to tell what purpose the Eximbank money is intended for, but those wide swings in sales are not healthy at all," Mr. Zhang said.
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The deal with the Eximbank specifically prohibits Chery from using the funds to support its activities in the Chinese domestic market, Mr. Jin said.
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Chery's spokesman, Mr. Jin, said the Eximbank loans are part of a partnership the company struck with the Eximbank in 2005, and that the fund can be used only for projects in connection with the auto maker's global plans, such as expanding the port facilities near the company, which it uses to ship vehicles overseas.
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The work is financed by a two-billion-dollar oil-backed loan from China's Export and Import bank (Eximbank) that is to run until 2016.
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The latest credit will also be extended by the Eximbank.
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