Doing Business In (Insert Country Name Here) - Department of ...
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Much <strong>of</strong> ExIm Bank’s activity is under so-called bundling facilities. A bundling facility is alarge medium-term loan made to a Mexican bank by a U.S. bank with the guarantee <strong>of</strong>ExIm Bank. The Mexican bank then makes loans for the purchase <strong>of</strong> American capitalgoods to Mexican companies. There also are a number <strong>of</strong> U.S.-based banks thatextend ExIm Bank credits in Mexico. The major Mexican commercial banks have signedagreements with ExIm Bank to grant lines <strong>of</strong> credit to Mexican firms that purchase U.S.-made products. Many major Mexican banks (Santander Serfin, BBVA-Bancomer,Banamex and others) have Master Guarantee Agreements. Such credits generally areavailable only to Mexican blue chip companies and to their suppliers with firm contracts.ExIm has made financing for renewable energy a top priority since the inception <strong>of</strong> itsEnvironmental Exports Programs in 1994 <strong>of</strong>fering competitive financing terms (up to 18years in some cases) to international buyers for the purchase <strong>of</strong> U.S.-originatingenvironmental goods and services.Overseas Private <strong>In</strong>vestment Corporation http://www.opic.govOverseas Private <strong>In</strong>vestment Corporation, OPIC, provides medium- to long-term fundingthrough direct loans and loan guaranties to eligible investment projects in developingcountries and emerging markets. By complementing the private sector, OPIC canprovide financing in countries where conventional financial institutions <strong>of</strong>ten are reluctantor unable to lend on such a basis.OPIC also <strong>of</strong>fers insurance to U.S. investors, contractors, exporters and financialinstitutions involved in international transactions. Political risk insurance can covercurrency inconvertibility, expropriation and political violence, and is available forinvestments in new ventures, expansions <strong>of</strong> existing enterprises, privatizations andacquisitions with positive developmental benefits.Typically, OPIC requires that U.S. investment in a given project represent at least 25%<strong>of</strong> the total investment value in order to be eligible for assistance. The Overseas Private<strong>In</strong>vestment Corporation (OPIC) <strong>of</strong>fers its full range <strong>of</strong> programs services in Mexico andhas approved over $250 million worth <strong>of</strong> projects in 2009.U.S. Trade and Development Agency http://www.ustda.govThe U.S. Trade and Development Agency (USTDA) provides funding for feasibilitystudies and other forms <strong>of</strong> technical assistance to help promote U.S. exports. Byassisting U.S. firms to become involved in the early stages <strong>of</strong> project development,USTDA leverages U.S. exports during the implementation stages. USTDA works closelywith the various development banks, including the World Bank and the <strong>In</strong>ter-AmericanDevelopment Bank, to help U.S. firms take advantage <strong>of</strong> those banks’ projects.Additionally, in the case <strong>of</strong> a competitive bid for a large infrastructure project, USTDAcan <strong>of</strong>fer a de minimus training grant, or another form <strong>of</strong> technical assistance, to help theU.S. company or consortium make their bid more attractive. USTDA has an activeprogram in Mexico, funding projects in a wide range <strong>of</strong> sectors.<strong>In</strong> 2008, USTDA provided over $2 million in support <strong>of</strong> priority infrastructure projects thatfurther the objectives <strong>of</strong> the Mexico’s National <strong>In</strong>frastructure Program, includingfeasibility studies for the modernization <strong>of</strong> three airports. During 2009, USTDA funded afeasibility study to develop a new airport in Ensenada and sent a project identificationmission to evaluate new grant opportunities in the Mexican aviation sector. During 2010,USTDA is sponsoring a project identification mission for the Mexican renewable energy