The Export-Import Bank is an independent agency of the U.S. government established in 1934 to facilitate and stimulate foreign trade of the United States.
Step-by-step explanation:
It is an autonomous federal agency which facilitates the export of goods and services by issuing credit facilities and loan to the small scale and medium scale industries and foreign buyers and exporters. It also facilitates international trade and thus economic relationship with other foreign countries is stabilized.
While issuing such huge loans, the commercial and political risks and challenges are born entirely by the Exim bank. Thus, Exim bank ensures that US financing is stable and competitive when compared to the foreign exporters.