Trump trashed the Export-Import Bank. For Venezuela, he may need it [Yahoo! Finance]
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Source: Yahoo! Finance
Over a decade later, President Donald Trump may lean on it to clear the path for an investment bonanza in Venezuela. Trump administration officials have suggested in the past week that the Export-Import Bank (Ex-Im) could provide credit for oil and gas firms that decide to establish operations in Venezuela. Ex-Im is a government-owned bank that underwrites cheap loans to U.S. companies selling products abroad when private capital is unavailable. Their charter must be reauthorized by December 2026. Both Treasury Secretary Scott Bessent and Energy Secretary Chris Wright mentioned Ex-Im as a potential vehicle to ease investment demand , which would put the obscure agency in a key supporting role in Trump's push to drum up private-sector financing for Venezuela's strangled oil sector. "We might use the Export-Import Bank as credit support for large projects down there," Wright said in a Fox Business interview . "That's a real possibility." So far, U.S. oil giants such as ExxonMobi
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