ABSTRACT
This chapter assesses the impact of the developments in international finance on the role of Eximbank in assuring access to finance for US exports. Access to finance for industrial and other projects is an issue primarily for developing countries. The wealthier industrial countries and oil exporters have well-developed domestic capital markets or enjoy a favored position in international capital markets. In examining the Bank's role in supplementing private finance, the concept of market imperfections needs further clarification. To provide long-term, fixed-rate finance, what is required is the assumption of risk and provision of some type of long-term funding source. The role of Eximbank in providing access to finance for capital goods exports has been overshadowed by the pressures of providing export finance competitive with the subsidized and more extensive programs of its counterparts. Increased risk and reduced liquidity in international lending will increase the importance of Eximbank's role in supplementing private sources of finance.
