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US CodeTitle 12Chapter 6A§ 635t

§ 635t

Definitions

12 U.S.C. § 635t.
2 min read
Subchapter: TIED AID CREDIT EXPORT SUBSIDIES
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.

Release: pl-119-59 (2025-12-18)

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§ 635s