China's aggressive finance strategy harms the competitiveness of U.S. exporters
The DFC can become a real alternative to BRI if it partners with sister agencies in Free World countries, like the Interamerican Development Bank, the African Development Bank, the Asian Development Banks, and the International Finance Corporation. These banks should develop processes to synchronize and fast-track their due diligence and pool their resources. The U.S. Export-Import Bank was re-authorized in 2019 to facilitate U.S. exports by providing financing when private lenders can’t. There are today 115 export credit agencies in 89 countries. In 2019, the U.S. export financings were ...
Source: washingtontimes.com