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US Trade Bank Launches Operations in Burma

7 February 2014

The Export-Import Bank of the United States has launched operations in Burma to support US trade with the country and help integrate it into the world economy, a bank official said on Thursday. “Effective today, the Export-Import Bank of the United States is open for business in Burma, for sovereign lending to facilitate US export credit sales on terms up to five years in repayment,” the official told reporters in a conference call. “This decision was reached … after a diligent review of Burma’s creditworthiness and will improve trade flows between our two countries and help integrate Burma into the global economy,” the official said. —Reuters