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Report File
Date Issued
Submitting OIG
Export-Import Bank of the United States OIG
Other Participating OIGs
Export-Import Bank of the United States OIG
Agencies Reviewed/Investigated
Export-Import Bank
Report Number
OIG-EV-17-03
Report Type
Inspection / Evaluation
Location

Washington, DC
United States

Number of Recommendations
5
Questioned Costs
$5,129,245

Open Recommendations

This report has 1 open recommendations.
Recommendation Number Significant Recommendation Recommended Questioned Costs Recommended Funds for Better Use Additional Details
5 Yes $0 $0

Review and update the reachback policy for the CGF program to be consistent with actual practice and reduce the need for waivers. In reviewing and updating the reachback policy, the Bank should analyze the case-by-case determination of a reachback relative to the average policy date (i.e., operative date); consider establishing limits on the utilization of the facility for reachback transactions; set requirements for communicating analysis of reachback issues to decision makers including the Board; and establish procedures for consideration of waivers to the policy. This would include documenting the supporting evidence in the credit file.

Export-Import Bank of the United States OIG

United States