12 U.S.C. § 635t : US Code - Section 635T: Definitions

Search 12 U.S.C. § 635t : US Code - Section 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.