Export-Import Bank: Expanded Use of Delinquent Federal Debt Data Could Better Mitigate Credit Risk

What GAO Found The Export-Import Bank of the United States’ (EXIM) loan guarantee transactions are approved by EXIM’s Board of Directors, staff with individual delegated authority, or delegated authority lenders. The underwriting process for loan guarantee transactions approved by EXIM includes several steps, such as screening applications for completeness, reviewing for minimal eligibility requirements, and performing due diligence to assess transactions’ risks. Selected Underwriting Processes EXIM Performs for Loan Guarantees EXIM followed its underwriting guidelines but has not fully levera