12 U.S. Code § 635t - Definitions

§ 635t.
Definitions
For purposes of this subchapter—
(1) the term “tied aid credit” means credit—
(A)
which is provided for development aid purposes;
(B)
which is tied to the purchase of exports from the country granting the credit;
(C)
which is financed either exclusively from public funds, or, as a mixed credit, partly from public and partly from private funds; and
(D)
which has a grant element, as defined by the Development Assistance Committee of the Organization for Economic Cooperation and Development, greater than zero percent;
(2)
the term “government-mixed credits” means the combined use of credits, insurance, and guarantees offered by the Export-Import Bank of the United States with concessional financing or grants offered by the Agency for International Development to finance exports;
(3)
the term “public-private cofinancing” means the combined use of either official development assistance or official export credit with private commercial credit to finance exports;
(4)
the term “blending of financings” means the use of various combinations of official development assistance, official export credit, and private commercial credit, integrated into a single package with a single set of financial terms, to finance exports;
(5)
the term “parallel financing” means the related use of various combinations of separate lines of official development assistance, official export credits, and private commercial credit, not combined into a single package with a single set of financial terms, to finance exports; and
(6)
the term “Bank” means the Export-Import Bank of the United States.
(Pub. L. 98–181, title I [title VI, § 647], Nov. 30, 1983, 97 Stat. 1265.)

 

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