GAO Releases Annual Report on Ex-Im Dual-Use Export Financing
The Export-Import Bank financed three “dual-use” exports -- items used by the military mainly for civilian or humanitarian purposes -- in 2012, the Government Accountability Office said in its May 29 annual report on the end-uses of Ex-Im’s dual-use exports.…
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The 2012 transactions were a satellite for Eutelsat of France, road construction equipment for the government of Cameroon and three satellites for the government of Mexico. Thus far, little of the equipment financed has been delivered to end users, GAO said. Ex-Im financed no dual-use exports in 2011.