Presidential Order Enables U.S. Small Business to Sell Computers for Use in Sudanese ElectionBy Export-import Bank Of The United States, PRNE
Monday, November 22, 2010
Ex-Im Bank Financing Supports the Sale of Equipment to Train Election Workers, Tabulate Results, and Develop Post-Election Policies
WASHINGTON, November 23, 2010 - A small business in New Gloucester, Maine, will export computers to Sudan
for use in a key upcoming election now that President Barack Obama has issued
an order allowing financing from the Export-Import Bank of the United States
(Ex-Im Bank) to support the sale.
Planson International Corporation, a small, woman-owned company that
supplies technology to the aid and development community, will export
computers and software to Sudan, backed by a $1.5 million revolving working
capital loan guarantee (www.exim.gov/products/work_cap.cfm) from Ex-Im
Bank. The equipment will be used for voter registration, demographic data
analysis, vote tallying and post-referendum policy development.
The export will help the United Nations Development Programme (UNDP)
facilitate a Jan. 9, 2011 referendum on southern Sudan self-determination,
pursuant to a 2005 peace accord between northern and southern Sudan.
"We are very pleased that Ex-Im Bank financing will enable Planson
International Corporation to make this sale, and we're proud to see American
technology being used as part of the democratic election process in Sudan,"
said Ex-Im Bank Chairman and President Fred P. Hochberg.
In a presidential memorandum
citing "the national security interest of the United States," President Obama
waived a section of the Trade Sanctions Reform and Export Enhancement Act
(uscode.house.gov/download/pls/22C79.txt) that bans U.S. export
assistance, credit and guarantees for commercial exports to Sudan, thus
allowing the export of U.S. computers and related equipment in fulfillment of
The guaranteed lender on the transaction is Bank of America.
Ex-Im Bank is the official export-credit agency of the United States. The
independent, self-sustaining federal government agency helps to create and
maintain U.S. jobs by financing the sales of U.S. exports, primarily to
emerging markets throughout the world. For more information on Ex-Im Bank
Phil Cogan of Ex-Im Bank, +1-202-565-3200
Tags: Africa, District of Columbia, Export-import Bank Of The United States, November 23, Washington