The Export-Import Bank increased its financing activity level by about 10% for Fiscal 2002. Total financing (loans, guarantees, and insurance) was up to $10.1 billion from $9.2 billion previously, with the number of transactions edging up to 2,516 from 2,358, according to the bank. The Dominican Republic was one of the very few countries that grew as an ExImbank market. The bank approved US$787 million in financing for the Dominican Republic last fiscal year, to boost its exposure to US$1 billion. The year saw US$689 million in guarantees and US$98 million in insurance business.
The ExImbank seeks to aid financing and to facilitate US exports. ExImbank-backed loans require the borrower to purchase US goods and services.