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The clean-energy export initiative is also being sponsored by the Departments of Commerce, State, and Agriculture and a clutch of federal agencies like the Export-Import Bank and the Overseas Private Investment Corporation.
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The Center expects that, within six months, this will take the form of offering Gorbachev U.S. taxpayer-supported credit lines through the Export-Import Bank and the Commodity Credit Corporation, as well as government-backed insurance coverage through the Overseas Private Investment Corporation.
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In similar conditions in underdeveloped countries, the United States offers effective programs to induce economic investments, two programs like the Overseas Private Investment Corporation and the Export-Import Bank.
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The Center anticipates that the Bush Administration will privately inform the allies that restored Soviet access to Export-Import Bank loans and credit guarantees, 3-year Commodity Credit Corporation grain loans and Overseas Private Investment Corporation insurance coverage represent a substantial U.S. assistance package to the USSR.
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