Audit of EXIM’s Direct Loan Program

Date Issued

Tuesday, September 23, 2025

Submitting OIG

Export-Import Bank of the United States OIG

Agencies Reviewed/Investigated

Export-Import Bank

Report Number

OIG-AR-25-05

Report Type

Audit

Agency Wide

Yes

Number of Recommendations

Questioned Costs

$10,969,350

Funds for Better Use

Report updated under NDAA 5274

Open Recommendations

This report has 4 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use
1	No	$0	$0
EXIM's Office of Board Authorized Finance should develop and implement a policy to address changes in exposure fees following Board approval, including in co-financing transactions.
2	No	$0	$0
EXIM's Office of Board Authorized Finance should define the approval responsibility for changes in exposure fees.
3	No	$0	$0
EXIM's Office of Board Authorized Finance in coordination with Office of General Counsel should develop and implement guidelines or a checklist requiring management to verify that appropriate legal and policy guidance is in place prior to initiating direct loan transactions.
4	No	$0	$0
EXIM's Office of Board Authorized Finance should update procedures and checklists to ensure the SAM debt offset check is completed and reviewed by management prior to loan authorization.