Thursday, September 21, 2017 10:00:07 AM
The cost and effectiveness of the bank are controversial. While the Ex-Im Bank projects will earn the U.S. government an average of $1.4 billion per year for the next 10 years, an alternative analysis from the Congressional Budget Office found that the program would lose about $2 billion during the same period, partly due to discrepancies in how credit risk is accounted for. Both conservative and liberal groups have been critical of the bank, and some continue to demand its termination.[9][10]
President Donald Trump, who had been dismissive of the ExIm, made an about-face in April and nominated a new head of ExIm breaking a deadlock that had prevented the Bank from operating since 2014.[11] Trump was one of ExIm's harshest critics. Conservatives call it the 'Bank of Boeing' and an 'epicenter of crony capitalism'. Its supporters such as Boeing and General Electric Co, claim that it facilitates trade worth billions of dollars.[12]
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