EXIM reopens for business in Argentina

Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (EXIM), announced in Buenos Aires that the bank will resume offering short- and medium-term financing in Argentina after being closed to sovereign transactions for more than 15 years. The opening, which applies to both Argentina’s public and private sectors, follows a US Government interagency evaluation of country prospects, the results of which reflect an improved economic and financial environment in Argentina and therefore indicate better repayment prospects. Nearly 15 years have elapsed since EXIM was last open for sovereign transactions in Argentina. “I am pleased to