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US Ex-Im comes in lighter
01 November 2002
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[project finance]
[project finance]
The United States Export-Import Bank is in something of a limbo at
present. Chairman John Robson, confirmed by congress in 2001,
passed away early in the year, and vice chairman Eduardo Aguirre
has been acting head of the bank while a successor goes before
congress. It recently began hearings on the nomination of Philip
Merrill, a publishing magnate from Maryland. Nevertheless, the
momentum established by Robson has continued, and the bank has been
reorganized at the top level.
For the seven members of its project and structured finance
division there has been less profound structural change, with the
group's responsibilities split into power and non-power. This is
consistent with the composition of the business, but the small size
of the staff necessitates flexibility, depending on the workload.
And this has been demanding. ?This has been the busiest year we've
had since the division was established,? notes Barbara O'Boyle, the
division's head. ...
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