Threat to U.S. Export-Import Bank Imperils a Water Project in Cameroon
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Senator Maria Cantwell, Democrat of Washington, tied a vote on trade to a vote on extending the Export-Import Bank.CreditAndrew Harnik/Associated Press
WASHINGTON — In 2013, the impoverished African nation Cameroon teamed with General Electric and the Environmental Chemical Corporation, which is based in Burlingame, Calif., to begin work on a $668 million drinking water project for its thirsty capital, financed with loan guarantees from the Export-Import Bank of the United States.
But as the project moves toward its larger second phase, the threatened demise of the Export-Import Bank, a 70-year-old federal export credit agency, is rippling across Cameroon. The water project is a potential victim of an effort by conservative Republicans to kill the bank…
Threat to U.S. Export-Import Bank Imperils a Water Project in Cameroon
