Ex-Im Bank May Finance Dual-Use Transaction Next Year, GAO Says
The Export-Import Bank hasn’t approved a new transaction involving dual-use goods since 2012 and that isn't likely to change in the future, the Government Accountability Office reported Aug. 30. Ex-Im officials told GAO that "no viable applications for dual-use projects reached EXIM’s Board of Directors for approval in fiscal year 2021 or in fiscal year 2022 as of August 2022."
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Although Ex-Im didn’t finance any new dual-use exports during the 2021 fiscal year, it continued to monitor the end-use of one transaction for the Mexican government, which included a fixed service satellite and a mobile service satellite (see 2008280033), GAO said. Ex-Im “received documents showing Mexico was in compliance with policy.”