Ex-Im Bank May Finance Dual-Use Transaction Next Year, GAO Says
The Export-Import Bank hasn’t approved a new transaction involving dual-use goods since 2012 and that isn't likely to change in the future, the Government Accountability Office reported Aug. 30. Ex-Im officials told GAO that "no viable applications for dual-use projects reached EXIM’s Board of Directors for approval in fiscal year 2021 or in fiscal year 2022 as of August 2022."
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
Although Ex-Im didn’t finance any new dual-use exports during the 2021 fiscal year, it continued to monitor the end-use of one transaction for the Mexican government, which included a fixed service satellite and a mobile service satellite (see 2008280033), GAO said. Ex-Im “received documents showing Mexico was in compliance with policy.”