Sure, the US is running a huge trade deficit, but don't blame the Export-Import Bank of the United States for not trying to stem the tide. The government agency (Ex-Im Bank for short) provides financing for the export of American goods and services, mainly to developing countries and regions. Ex-Im Bank, which assumes credit and country risks that private-sector lenders cannot or will not stomach, furnishes US businesses (most of them with fewer than 100 employees) with operating credit and export credit insurance, and provides loans and loan guarantees to foreign buyers of US goods. President Franklin D. Roosevelt established Ex-Im Bank as part of the New Deal in 1934.
The agency was born during the Great Depression to help US businesses compete globally. In the recession of the new millennium, it has again been called into action towards a recovery of the US's economy. In 2010 President Obama announced the National Export Initiative, a push to double US exports within five years. Ex-Im Bank has already increased activity levels, providing record levels of credit in 2009.
To further help US businesses compete in the global market, Ex-Im Bank matches financing that other governments provide to their own exporters. – less