Ex-Im Bank made the creation of the panel a condition for approving financial support for the Peru LNG Project. In early 2008 the bank approved a $458.6 million long-term loan guarantee to support U.S. exports for this project, which became operational in mid-2010. The recent development of south-central Peru is driven largely by new energy projects, including Peru LNG.

Ex-Im Bank, an independent, self-sustaining federal government agency, exists to fill gaps in export financing, to strengthen U.S. export competitiveness and to help create and maintain U.S. jobs. The bank provides a variety of funding mechanisms, including working-capital loan guarantees to help small and medium-sized U.S. businesses, export credit insurance to protect against non-payment by foreign buyers and loan guarantees and direct loans to assist foreign buyers of U.S. goods and services.

The members of the advisory panel were selected by Ex-Im Bank in 2009 and are recognized, eminent experts in various aspects of environmental and social sciences. They work ad-honorem. The panel is engaging Cayetano Heredia University in Lima to act as its Secretariat to coordinate activities and provide web site, e-mail and logistical services.
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