Export-Import Bank of the United States (Ex-Im Bank) has just unveiled its third bilingual web portal on its web site.
Starting today U.S. exporters, Turkish buyers and financial institutions from both countries will be able to choose either English or Turkish language versions of key Ex-Im Bank information. The web pages explain how Ex-Im Bank may be able to assist creditworthy Turkish buyers of U.S. goods or services, or U.S. exporters, who may not be able to obtain financing from private sector sources at reasonable commercial terms.
"Ex-Im Bank is committed to supporting exports of U.S. goods and services to Turkey," according to Executive Vice President Jim Lambright. "The Turkish portal on our web site will make it easier for Turkish buyers and financial institutions to learn about Ex-Im Bank's programs, and that will help grow our business with Turkey," Lambright said.
Ex-Im Bank's current exposure in Turkey is approximately $3 billion, representing the Bank's fourth largest market. Turkey ranks behind only China, Mexico and Brazil.
The expansion of the Bank's business in Turkey has followed the Turkish government's commitment to economic reform and the development of a hospitable investment climate. Annual authorisations for Turkey have averaged $225 million, a figure that should increase as the demand for U.S. capital goods and Turkish entities capacity to borrow continue to improve.
Ex-Im Bank currently has two other country-specific, bilingual web portals available. The Russia (Russian and English languages) and Mexico (Spanish and English language) portals may also be accessed on the Bank's Internet home page. Similar multi-lingual, country-specific portals are under development for other regions of the world.