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Exim Accused of Not Executing its Mandate in Africa

A scathing evaluation of the US Export-Import bank’s uneven approach to supporting US trade with sub-Saharan Africa has put its management on the backfoot. It comes as the bank scrambles to make the opposite case with a slew of recent deal announcements. The report from Office of the Inspector General said the export credit agency had failed to expand its performance to achieve its sub-Saharan Africa mandate and in fact declined over the evaluation period from 2014 to 2023. It also found that, despite multiple Exim officials taking initiatives related to the region, there was no specific program or office designated with the responsibility.The report said its Africa initiatives have had “small positive impact” on domestic jobs and had “no impact on employment” in sub-Saharan Africa.

SEMAFOR