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. . . . The U.S. tax-supported Export-Import Bank (Ex-Im) is solidly backing major U.S. nuclear contractors such as Westinghouse, Bechtel, and General Electric in their efforts to seek foreign markets for nuclear reactors. Between 1959 and 1993 Ex-Im spent $7.7 billion to help sell American-made reactors abroad.

Most countries do not have the capital to buy nuclear power, so contractors, in order to be competitive, provide 100 percent of the financing. Ex-Im offers terms too good for Third World countries and Eastern European buyers to pass up. If the host country defaults on its loan, the Ex-Im steps in with American taxpayer dollars.  . . . . (more)

http://www.projectcensored.org/top-stories/articles/5-us-taxpayers-underwrite-global-nuclear-power-plant-sales/