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What is US EXIM bank and why is Pakistan turning to it now?
Pakistan’s recent talks with the US Export-Import Bank (EXIM) are opening a new channel for financing major projects — from Pakistan International Airlines’ planned Boeing purchases to refinery upgrades and the Reko Diq mining project. But what exactly is US EXIM Bank, why is Pakistan suddenly talking to it, and how does it fit into the wider economic relationship between Islamabad and Washington? What is US EXIM Bank? The US Export-Import Bank is the official export credit agency of the United States. Its job is to support American exports by providing financing, loan guarantees and insurance...
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