Ex-Im Funded No Dual-Use Exports in FY '15, GAO Finds
The Export-Import (Ex-Im) Bank didn’t finance any new dual-use exports in fiscal 2015, and the bank hasn’t made determinations for whether satellites exported to Mexico and construction equipment shipped to Cameroon comply with U.S. dual-use requirements, the Government Accountability Office…
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said in its annual status report of Ex-Im-funded dual-use exports (here). The Ex-Im engineer responsible for monitoring the satellites said he hasn’t made the annually required determination because a mobile service satellite -- one of three satellite exports to Mexico funded by the bank -- was still undergoing “system acceptance.” Furthermore, an Ex-Im engineer hasn’t made a determination about Cameroon’s compliance with end-use requirements, but informally concluded the government is compliant after conducting an end-use inspection in the country in June 2015 and receiving the yearly required end-use report from Cameroon in July. GAO made no recommendations. In a written response to the report, Ex-Im Bank COO Charles Hall, without giving specifics, said the scope of this year’s dual-use report differed from past practice, but GAO refuted this, saying this year’s scope is aligned with that of prior years, “in which we reviewed transactions that were newly financed and transactions that continued to be financed during the second preceding fiscal year.”