Message From Chair Lewis
Presidents, Chairmen, 1934 - Present
| Name | Position | Sworn In Date | Departure Date |
|---|---|---|---|
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George N. Peek | President Sworn in on February 13, 1934, at the age of 61, George Peek was born in Polo, IL and served for one year as the first President of Export-Import Bank of Washington. | February 13, 1934 | November 30, 1935 |
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R. Walton Moore | Chairman Assuming office at the age of 75, R. Walton Moore was sworn in on February 13th, 1934, as the first Chairman of EXIM and served for seven years. Prior to his role as EXIM Chairman, he held the position of Assistant Secretary of State. | February 13, 1934 | February 8, 1941 |
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Warren Lee Pierson | President Sworn in at 39 in 1936, Pierson, born in Princeton, Minn., continued until 1945, overseeing the Bank's operations during crucial years of economic and global upheaval. | February 21, 1936 | April 12, 1945 |
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Jesse H. Jones | Chairman Jones was born in Robertson County, TN. He was a Democrat who had previously served as the United States Secretary of Commerce from 1940 to 1945. He took office as Chairman of EXIM at 67. | July 30, 1941 | August 18, 1943 |
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Leo T. Crowley | Chairman Assuming the role of Chairman at age 54 in August 1943, Crowley, born in Milton, Wisconsin, was a Democrat who had headed the Foreign Economic Administration. | August 18, 1943 | October 8, 1945 |
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Wayne C. Taylor | President Taylor was born in Chicago, IL. He had a diverse background, including roles as Assistant to the Administrator of the Agricultural Adjustment Administration and Under Secretary of Commerce before being sworn in at EXIM at 52 in 1945. | April 13, 1945 | February 6, 1946 |
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William McChesney Martin, Jr. | Chairman Martin, born in St. Louis, MO, helped usher in the Marshall Plan. He was a Democrat and later became the longest-serving Chairman of the United States Board of Governors of the Federal Reserve System. He was sworn in at age 40. | February 13, 1946 | February 7, 1949 |
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Herbert E. Gaston | Chairman Taking office at 68 in February 1949, Gaston's tenure saw the Bank navigating post-war economic challenges until his departure in January 1953. | February 10, 1949 | January 19, 1953 |
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Glen E. Edgerton | Chairman Edgerton was born in Parkersville, Kansas. He assumed office at age 66 in April 1953, where he contributed to the Bank's activities during a period of economic transition. Edgerton also served as Managing Director from August 15, 1953 until October 8, 1954, and again as Chairman from October 11, 1954 until September 30, 1955. | April 7, 1953 | September 30, 1955 |
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Samuel C. Waugh | Chairman Sworn in at 65 in October 1955, Waugh, born in Plattsmouth, Nebraska, had previously served as the Assistant Secretary of State for Economic Affairs at the United States Department of State. | October 4, 1955 | January 20, 1961 |
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Harold F. Linder | Chairman Taking office at 61 in 1961, Linder, born in New York, NY, had a distinguished career at the United States Department of State before serving as the United States Ambassador to Canada from 1968 to 1969. | March 3, 1961 | July 31, 1968 |
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Henry Kearns | Chairman Sworn in at 58 in March 1969, Kearns, born in Salt Lake City, UT, was a Republican who led the Bank during a period of political and economic shifts. | March 20, 1969 | October 31, 1973 |
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William J. Casey | Chairman At the age of 61 in 1974, Casey, born in New York, NY, was a Republican who later served as the Director of Central Intelligence from 1981 to 1987. | March 14, 1974 | January 2, 1976 |
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Stephen M. DuBrul, Jr. | Chairman Assuming office at 47 in 1976, DuBrul, born in Michigan, contributed to the Bank's activities during a transitional period. | January 5, 1976 | May 2, 1977 |
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John L Moore, Jr. | Chairman Sworn in at 48 in 1977, Moore, born in West Palm Beach, FL, played a crucial role in the Bank's operations during a dynamic economic climate. | May 3, 1977 | March 31, 1981 |
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William H. Draper III | Chairman Taking office at 53 in July 1981, Draper, born in White Plains, NY, led the Bank during a period marked by economic challenges and opportunities before his departure in 1986. | July 14, 1981 | February 28, 1986 |
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John A. Bohn, Jr. | Chairman Bohn was sworn in at 47 in 1986 during an era of evolving global trade dynamics. | April 11, 1986 | February 28, 1989 |
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John D. Macomber | Chairman Assuming office at 61 in 1989, Macomber contributed to the Bank's mission during a time of economic and political changes. He was born in Rochester, NY. | July 25, 1989 | November 30, 1992 |
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Kenneth D. Brody | Chairman Sworn in at 50 in 1993, Brody led the Bank during a period marked by increasing globalization and changing economic landscapes. | May 10, 1993 | December 31, 1995 |
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Martin A. Kamarck | Chairman Taking office at 45 in 1996, Kamarck contributed to the Bank's operations during a time of technological advancements and economic shifts. | April 12, 1996 | June 16, 1997 |
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James A. Harmon | Chairman Sworn in at 62 in June 1997, Harmon navigated the Bank through the challenges and opportunities of the late 20th century. He was born in New York. | June 17, 1997 | July 20, 2001 |
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John Robson | Chairman Assuming office at 70 in 2001, Robson contributed to the Bank's activities during a time of economic uncertainty and geopolitical changes. | May 30, 2001 | March 20, 2002 |
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Philip Merrill | Chairman Sworn in at 68 in December 2002, Merrill played a key role in the Bank's operations during a dynamic period in global trade. He was born in Baltimore, MD. | December 4, 2002 | July 20, 2005 |
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James Lambright | Chairman Taking office at 33 in July 2005, Lambright, born in St. Louis, MO, led the Bank during a time marked by economic challenges and financial transformations. | July 21, 2005 | January 20, 2009 |
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Fred P. Hochberg | Chairman Sworn in at 57 in May 2009, Hochberg, born in Mount Vernon, NY, was instrumental in steering the Bank through modern economic challenges, emphasizing the importance of global trade, and economic diplomacy through January 2017. | May 21, 2009 | January 17, 2017 |
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Kimberly A. Reed | President and Chairman Reed, the first woman and West Virginian to lead EXIM, took office in May 2019. Reed championed bipartisan efforts to secure the longest Congressional reauthorization in EXIM's history and made significant contributions to advance U.S. exports and strengthen economic and national security during her term. | May 9, 2019 | January 20, 2021 |
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Reta Jo Lewis | President and Chair Ms. Reta Jo Lewis, born in Statesboro, GA, was sworn in by Vice President of the United States Kamala Harris as the first woman Black President and Chair of the Export-Import Bank of the United States on February 16, 2022. | February 14, 2022 | Present |
History
Founded in 1934, the Export-Import Bank was organized by Franklin D. Roosevelt under the name Export-Import Bank of Washington. The stated goal was "to aid in financing and to facilitate exports and imports and the exchange of commodities between the United States and other Nations or the agencies or nationals thereof." [i] The Bank's first transaction was a $3.8 million loan to Cuba in 1935 for the purchase of U.S. silver ingots. [ii]
The Export-Import Bank became an independent agency in 1945. The Bank’s name was changed to "Export-Import Bank of the United States" in 1968. [iii]
Over the years, the Export-Import Bank helped finance several historic projects including the Pan-American Highway, the Burma Road, and post-WWII reconstruction. This timeline highlights the Bank’s history and several projects it has supported over the years:
Export-Import Bank of Washington Established
The Export-Import Bank of Washington is established to help U.S. companies during the Great Depression. Although the goal was to lend to the Soviet Union, such loans never materialized.
Second Export-Import Bank Established
The Second Export-Import Bank of Washington is established to lend to Cuba. In July, the lending authority was expanded to include "any part of the world except Russia."
First President
George N. Peek is appointed by President Franklin D. Roosevelt to head the first and the second Export-Import Banks.
First Transaction
EXIM's first transaction -- $3.8 million to Cuba for purchase of U.S. silver ingots -- is approved, the first of five loans extended for Cuban coinage over a five-year period.
1934Banks Consolidated
The Second Export-Import Bank is liquidated. Its loans and commitments are transferred to the Export-Import Bank of Washington.
1936First Development Loan
The first development loan of $5.5 million is loaned to Haiti to improve economic conditions.
Burma Road Financing
The Bank approves a $22 million loan to China to assist in construction of the Burma Road.
1938Steel Mill in Brazil
EXIM Bank authorizes a $25 million credit toward the construction of a large steel mill at Volta Redonda in Brazil - EXIM's first industrial development project.
Authority Increased
Congress increases EXIM's lending authority to $700 million to support exports to Latin America.
1940Pan Am Highway
EXIM's first financing for the Pan American Highway is approved for road construction in Mexico, El Salvador, Honduras, Nicaragua, Costa Rica and Ecuador.
1941EXIM Act of 1945
The Export-Import Bank Act of 1945 establishes EXIM Bank as an independent agency. The Bank's lending authority is increased to $3.5 billion.
Post-WWII Financing
EXIM Bank authorizes over $2 billion for post-WWII reconstruction in Europe, Asia and Africa. In 1947, EXIM Bank is designated to administer funds for the Economic Cooperation Administration under the Marshall Plan.
1945First Aircraft Transaction
Financing in the amount of $3 million to Panair do Brasil for seven aircraft.
1946Israel Financing
The Bank authorizes $100 million of credits to the newly recognized state of Israel.
1948Peru Mine
EXIM approves financing for U.S. exports to the Toquepala Mine in the Peruvian Andes.
1954Initial Boeing Support
EXIM joined three commercial lenders to finance $105 million for 17 Boeing 707s for Air France.
1957Short-Term Insurance
The Bank first provides short-term export credit insurance through the Foreign Credit Insurance Agency (FCIA), which continues until EXIM Bank assumes the administration of its insurance products in 1992.
1960Ghana Financing
EXIM Bank authorizes $110 million to the Volta Aluminum Co. to build an aluminum smelter in Ghana.
Financing in Portugal
EXIM Bank approves $55 million credit to Portugal supporting U.S. exports to build Lisbon's Tagus River Bridge, the longest suspension bridge in Europe.
1962New Official Name
"The Export-Import Bank of the United States" becomes EXIM's official name under P.L. 90-267.
1968PEFCO Created
The Private Export Funding Corporation (PEFCO) -- a consortium of private lenders for long-term export finance -- is chartered and opens for business. PEFCO has been a major source of funding of EXIM transactions, including financings of large commercial aircraft.
1970Soviet Union Financing
EXIM authorizes its first two credits totaling $199 million supporting U.S. exports to the Soviet Union.
1973OECD Arrangement
The Arrangement on Officially Supported Export Credits of the Organisation for Economic Cooperation and Development (OECD) becomes the framework for all of EXIM's medium- and long-term financing offers.
Tied Aid
For the first time, EXIM Bank offers tied aid financing to help U.S. companies facing foreign competition backed by tied-aid financing from their governments.
China Financing
EXIM approves its first transaction to China since 1946.
1978Mexico Financing
The Bank joins other U.S. government agencies and the International Monetary Fund in providing a $10 billion financial package for Mexico.
1982Trade and Development Enhancement Act
The Trade and Development Enhancement Act directs EXIM Bank to establish a Tied Aid Credit Program with the Agency for International Development. The Act also directs the Bank to support exports of U.S. services on the same terms as those for U.S. products.
1983Working Capital Guarantee and ST Umbrella Policy Launched
EXIM's working capital lender loan guarantee and short-term umbrella policy are launched to provide more support for small business exporters.
1984Small Business Mandate
Congress enacts a 10 percent mandate on small business authorizations, which is increased in 2002 to 20 percent and in 2015 to 25 percent. In 1987, EXIM programs are redesigned to make them more accessible to small-and medium-sized exporters.
1985"Bundling" Credit
The Bank introduces the concept of "bundling" to combine several EXIM-guaranteed transactions for a single country into one credit facility.
City/State Partners
The Bank launches the City/State Partners Program to enhance the ability of state and local agencies to provide assistance on EXIM products to small-business exporters.
Financing for Former Soviet Countries/ Opening in Poland and Czechoslovakia
EXIM Bank makes available financing options to support U.S. exports to the newly independent countries of the former Soviet Union. The Bank opens for the first time since WWII in Poland and Czechoslovakia.
1989Environment Enhancement Act
The Export Enhancement Act of 1992 directs the Bank to consider the potential environmental impacts of projects for which the Bank is considering providing financing and provide environmental and social impact assessments where required.
EXIM Assumes Insurance Program/ Opens Regional Offices
EXIM Bank assumes administration of its insurance programs. The Bank establishes regional offices in New York, Miami, Chicago, Houston, and Long Beach, Calif.
1992Oil and Gas Framework Agreement with Russia
The Bank signs the Oil and Gas Framework Agreement with Russia to provide financing for U.S. exports to Russia's energy sector.
1993Project Finance Division Formed
EXIM's Project Finance Division is formed. The Bank commits $3.5 billion in large-scale project financing in the first 14 months of the division's operation.
Aircraft Division Formed
EXIM's Aircraft Finance Division is formed. The division was renamed in 1998 as the Transportation Division and given responsibility for financing all types of aircraft, helicopters, locomotives and other rolling stock, and ships.
Financing of Temelin Nuclear Project
EXIM Bank approves $317 million in guarantees of commercial loans to help upgrade two Soviet-designed nuclear reactors near Temelin in the Czech Republic, supporting exports by Westinghouse Electric Corp. of Pittsburgh, Pa.
Financing of Amazon Rainforest Surveillance Project
The Bank approves its largest transaction to date, a $1.3 billion loan, supporting the sale of U.S. environmental surveillance and air traffic equipment and services for the Sistema de Vigilancia da Amazon (SIVAM) project of the government of Brazil. The principal U.S. exporter is Raytheon Corp.
1994Financing of Paiton Power Plant in Indonesia
EXIM Bank authorizes financing to support U.S. exports for the construction of the first independent power project in Indonesia -- the coal-fired Paiton Complex on Java. The transaction is the first to be done under the Project Finance Division.
1995EXIM Website Launched
EXIM Bank launches its website on the Internet.
Financing Aircraft to China
The Bank approves nearly $900 million to support exports of Boeing and McDonnell-Douglas commercial aircraft to China.
1996Easing the Asian Financial Crisis
EXIM Bank provides $1 billion short-term insurance facility for U.S. exports to South Korea during the Asian financial crisis.
1998Minority- and Woman-Owned Division Formed
EXIM's Minority- and Woman-Owned (MWOB) Division is created to boost small business exports from these companies traditionally underserved by the trade finance market.
EXIM Accepts Internet Applications
The Bank begins accepting applications for letters of interest on its website.
Short-Term Insurance Offered for sub-Saharan Africa
EXIM Bank launches a short-term insurance pilot program in 19 sub-Saharan African countries.
1999Chad/Cameroon Pipeline
In EXIM's first transaction to sub-Saharan Africa using limited recourse project financing, the Bank approves a $300 million loan guarantee to finance U.S. exports to build a pipeline system to transport crude oil from southwest Chad through Cameroon to the Atlantic Coast.
2000Tyumen Oil
EXIM Bank authorizes $500 million in loan guarantees for rehabilitation of Tyumen Oil facilities in Russia.
Reinsurance Waiver Post-9/11
EXIM Bank leads the insurance industry in waiving its requirement for third-party reinsurance for airlines after the terrorist attacks on September 11, 2001.
2001Nigeria LNG Financing
EXIM Bank approves its largest to-date private-sector financing to support U.S. exports to Nigeria's LNG production.
2002Cape Town Treaty
EXIM Bank offers a one-third reduction of its exposure fee on financing to airlines in countries signing or ratifying the Cape Town Treaty to reduce the risks of cross-border financing of large commercial aircraft and aircraft engines. The United States signs the treaty in 2003 and ratifies it in 2004.
Trade Bank of Iraq
Joining 15 countries to support Trade Bank of Iraq, the Bank approves a $500 million short-term insurance facility for the Trade Bank to support U.S. exports for the reconstruction of Iraq.
Ethiopian Airlines
EXIM Bank finances large commercial aircraft to Ethiopian Airlines in the same year that Ethiopia signs the Cape Town Treaty.
Peru LNG Financing
The Bank provides financing U.S. exports for Peru liquefied petroleum gas project (Peru LNG).
Financing of Nanhai Petro Project
EXIM Bank backs a historic, first-post WWII private-sector financing in China to support U.S. exports for Nanhai petrochemical complex.
2003BTC Pipeline Financing
The Bank approves financing supporting U.S. exports for the construction of the Baku Tblisi Ceyan (BTC) Pipeline, connecting an oil field in the Caspian Sea with the Mediterranean Sea.
Qatar LNG Financing
The Bank authorizes financing to support U.S. exports to a LNG plant in Qatar.
Medium-Term Support in Mexico
EXIM Bank authorizes $600 million in medium-term financing to support U.S. exports to Mexico in the first three quarters of FY 2004.
OECD "Common Approaches" Environmental Guidelines Adopted
The Bank revises its Environmental and Social Due Diligence Procedures and Guidelines to make them consistent with the "Common Approaches" guidelines for evaluating environmental impacts of projects supported by the export credit agencies of the Organisation for Economic Cooperation and Development (OECD).
Kenya Airways
EXIM Bank finances the first Boeing 777 in Africa to Kenya Airways.
2004Financing Agriculture Exports to Iraq
EXIM Bank finances exports to Iraq pass milestone as agricultural commodity shipments from U.S. companies stream toward Iraqi customers.
15-Year Repayment Terms Offered
EXIM Bank offers 15-year repayment terms to support U.S. exports to international renewable energy, hydro and clean water projects.
2005EXIM Launches "EXIM Online" Accepting Applications
EXIM Bank launches EXIM Online, a new Internet-based application providing U.S. exporters with faster, easier access to multi-buyer export credit insurance.
2006OECD Air Sector Understanding
The 2007 Air Sector Understanding (ASU) of the OECD enters into force, establishing a new set of guidelines for export credits supporting commercial aircraft. A revised ASU enters into force in 2011.
2007EXIM Establislhes Medium-Term Delegated Authority
EXIM Bank establishes its medium-term delegated authority program to increase credit for exports of U.S. capital goods and services on repayment terms of two to five years.
200818-Year Repayment Terms Offered
EXIM Bank offers 18-year repayment terms to support U.S. exports to international renewable energy, water and nuclear power projects.
EXIM Adopts Carbon Policy
EXIM Bank adopts a comprehensive carbon policy to guide its support of U.S. exports in light of climate change concerns.
Guaranteed Bond Issuances
The capital markets issue the first bond offering under the new and improved EXIM Bank Guaranteed Bond program, funding the export of Boeing 777 aircraft to Emirates Airline.
2009Global Access Launched
EXIM's Global Access for Small Business initiative is launched, providing small businesses across the country with one-day training events to learn how EXIM can help them begin or expand exports.
Honduras Wind Farm
EXIM Bank provides $159 Million in financing for Pennsylvania manufacturer to export turbines to Cerro de Hula Wind Farm in Honduras -- the largest wind farm in Latin America.
2010EXIM Approves $14 Billion for India Solar Power Projects
The Bank authorizes $1.4 billion financing U.S. exports to India, supporting an estimated 10,000 American jobs. EXIM's financings included seven solar-energy projects in India. The Bank was the first international institution to finance a project under the Indian government's National Solar Mission.
EXIM Approves Over $1 Billion for Exports to Africa
EXIM financing for sub-Saharan Africa exceeds $1 billion for first time, Including $805 million for Kusile power project in South Africa.
EXIM Adopts the Equator Principles
The Bank revises its Environmental and Social Due Diligence Procedure and Guidelines to be consistent with the Equator Principles, facilitating the assessment and management of the social/environmental impacts of projects.
Supply Chain
EXIM Bank announces $450 million for Supply Chain Finance Program with JPMorgan Chase to support U.S. small businesses and other suppliers to Caterpillar Inc.
Financing of GE Locomotives to South Africa
EXIM Bank approves $100 million in financing for sale of GE locomotives to South Africa's Transnet.
2011EXIM Approves Record Level of Authorizations
The Bank reaches a historic level of nearly $35.8 billion in authorizations in FY 2012, supporting a record $50 billion of U.S. exports and an estimated 255,000 American jobs.
Financing of Sadara Project --Largest Transaction
EXIM Bank approves its largest transaction to date -- $4.9 billion -- financing U.S. exports to the Sadara Petrochemical Project in Saudi Arabia. EXIM's financing is estimated to support for more than 18,000 U.S. jobs.
Financing of U.A.E. Nuclear Power
EXIM approves $2 billion in financing for nuclear power plant in the United Arab Emirates.
MWOB Record Support
The Bank sets a new record of $500 million in financing for minority-owned and woman-owned businesses.
Supporting Clean-Tech Exports to Brazil
A California small business benefits from $48.6 million in EXIM financing for its clean-technology exports to a biogas project in Brazil.
Australia Pacific LNG
The Bank approves nearly $3 billion in financing for U.S. exports to the Australia Pacific LNG project.
Express Insurance
EXIM's streamlined insurance product -- Express Insurance -- makes an impressive debut with over 200 policies issued in the first year, the majority benefitting small businesses.
2012EXIM Approves Nearly $1 Billion for U.S. Satellites
The Bank authorizes nearly $1 billion in support of U.S.-produced satellites and related services. From 2011 through 2013, EXIM Bank financed approximately 60 percent of U.S. commercial satellites sales.
2013Lapse of Authority
The Bank's charter and operating authority lapses for five months - the longest gap in operations in EXIM's history.
EXIM is Reauthorized After Historic Lapse of Authority
President Obama signs H.R. 22, Fixing America's Surface Transportation Act, which authorizes EXIM Bank through September 30, 2019.
Regional Initiative Launched
EXIM launches a new regional initiative -- the Regional Export Promotion Program (REPP) -- to work with state and local organizations to expand outreach and availability of EXIM's financing for small businesses.
Board Quorum Lapses
EXIM loses its quorum on July 20, 2015 when the terms for Board Members Sean Mulvaney and Patricia Loui expired.
2015First Woman Chair
Kimberly Reed is sworn in as President and Chairman of the Board of Directors on May 9, 2019. Chairman Reed is the first woman to lead EXIM.
Board Quorum Restored
The Export-Import Bank establishes a quorum in May 2019 with the appointment of Chairman Kimberly Reed and Board Members Spencer Bachus III and Judith Pryor
EXIM is Reauthorized for Seven Years
EXIM is reauthorized for 7 years on December 20, 2019 as part of the Further Consolidated Appropriations Act, 2020, the longest reauthorization in the Bank’s history to date.
Program on China and Transformational Exports Launched
The 2019 reauthorization establishes a new goal of reserving 20% of EXIM’s total financing authority for exports that compete directly with China and transformational exports in various areas of technology, including biomedical sciences, semiconductors, and emerging financial technologies, among other things.
2019Support for Small Business
In 2020, EXIM approves $164 million in support of American small businesses.
EXIM Extends COVID-19 Emergency Relief
In response to the global COVID-19 pandemic, EXIM provides maximum financing flexibility to facilitate sales of U.S. goods and services abroad.
EXIM Board Votes to Reform and Renew Public-Private Partnership with PEFCO
EXIM's Board of Directors votes to renew its partnership with the Private Export Funding Corporation (PEFCO) for 25 years and approves key reforms to the EXIM-PEFCO partnership.
EXIM Hosts First Ever Virtual Annual Conference
Due to the global COVID-19 pandemic, EXIM hosts its 2020 Annual Conference on a virtual platform to provide wider access for more businesses to participate in the events -- the largest conference in EXIM’s history to date with more than 1,700 registrants from across the United States and globe.
EXIM Approves Financing for Mozambique LNG Project
In its largest deal to date, EXIM approved $4.7 billion in financing to support U.S. exports for the development and construction of an integrated liquefied natural gas (LNG) project located in northern Mozambique.
EXIM hosts 2020 G12 Heads of Export Credit Agencies Meeting
EXIM hosts the 2020 G12 Heads of Export Credit Agencies meeting virtually and issues the first-ever G12 joint statement.
2020EXIM Board Adopts New Procedures to Implement Provisions of its Historic 2019 Congressional Reauthorization
New EXIM, U.S. Department of State Procedures Improve National Interest Review Process, Including with Respect to Risks Posed by the People's Republic of China
EXIM Announces Chair's Council on Climate to Advise on Increasing Support for U.S. Clean Energy Exports
EXIM Will Work with State, USTDA, and Other Federal Agencies to Strengthen Clean Energy Project Pipeline and Maximize Resources
EXIM Announces New Business Development and Outreach Division
The Office of Global Finance Development Will Lead Marketing and Engagement with the Private Sector and International Stakeholders Regarding EXIM Medium- and Long-Term Programs
2021Reta Jo Lewis Sworn in as EXIM Bank President and Chair
Reta Jo Lewis became the first Black woman to head EXIM since its founding in 1934. Lewis was sworn in as EXIM’s President and Chair by Vice President of the United States Kamala Harris. The ceremony took place at the Vice President’s ceremonial office at the White House in Washington, D.C.
EXIM Announces New Council on Advancing Women in Business
EXIM announced the creation of a new Council on Advancing Women in Business as a subcommittee of the agency’s Advisory Committee. The Council provides recommendations on ways EXIM can reach more women in business and better consider equity goals set in the agency’s strategy.
Judith Pryor Sworn in as First Vice President and Vice Chair of EXIM Board of Directors
Judith DelZoppo Pryor was sworn in by U.S. Senator Sherrod Brown as First Vice President and Vice Chair of the Board of Directors of EXIM. Pryor replaces James Cruse, EXIM’s Senior Vice President of Policy Analysis and International Relations, who served in an acting capacity as First Vice President and Vice Chair since January 20, 2021.
EXIM Board of Directors Unanimously Approves Make More in America Initiative
New Tool Unlocks Key Financing Opportunities for U.S. Exporters to Support American Jobs and Increase Competitiveness
EXIM Board of Directors Authorizes $811 Million Loan Guarantee for U.S. Aviation Exports, Support Approximated 4,500 U.S. Jobs
Owen Herrnstadt Sworn in by U.S. Senator Amy Klobuchar as Member of EXIM Board of Directors
Owen E. Herrnstadt was ceremonially sworn in by U.S. Senator Amy Klobuchar from Minnesota, as a Member of the Board of Directors of the EXIM.
EXIM Hosts Global Delegations During 2022 Fall IMF-World Bank Week
EXIM President and Chair Reta Jo Lewis concluded a week of engagements and bilateral discussions with domestic and international delegations alongside the 2022 Annual Meetings of the International Monetary Fund and World Bank Group.
EXIM President and Chair Reta Jo Lewis Wraps Up Successful First Trip to Africa
EXIM Chair Lewis concluded a successful two-week engagement in Africa in fulfillment of EXIM’s congressional mandate to increase support to sub-Saharan Africa. The first EXIM Chair to visit Africa in many years, Chair Lewis touted a new era of U.S.-Africa relations as she met with leaders in Côte d’Ivoire, Rwanda, and Egypt.
EXIM Chair Lewis Signs More Than $1 Billion in Memoranda of Understanding with African Financial Institutions at U.S.-Africa Leaders Summit
EXIM President and Chair Lewis signed three MOU worth more than $1 billion with African financial institutions in the U.S.-Africa Business Forum (USABF) Deal Room at the U.S.-Africa Leaders Summit. The deal totals were also announced by the Biden-Harris Administration in a fact sheet.
2022EXIM Chair Lewis Joins Vice President Kamala Harris in Africa As She Announces New $500 Million EXIM MOU with Tanzania
Vice President Kamala Harris announced that EXIM Bank and the Government of Tanzania will sign a MOU to facilitate up to $500 million in U.S. export financing to Tanzania to deepen the commercial relationship between the two countries. The MOU will support exports in a variety of sectors, including infrastructure, transportation, digital technology, climate and energy security, and power generation and distribution projects. EXIM President and Chair Reta Jo Lewis traveled to Zambia and Kenya in support of Vice President Harris’ mission, meeting with business leaders, government representatives and partners to expand EXIM’s footprint on the continent.
EXIM Approves More Than $900M for Solar Energy Project in Angola
The project is EXIM’s Largest Renewable Energy Transaction to date, and advances President Biden’s flagship Partnership for Global Infrastructure and Investment (PGII), which aims to advance digital and energy infrastructure worldwide. The transaction also falls under EXIM’s China and Transformational Exports Program (CTEP), a congressionally mandated program to support U.S. exporters facing foreign competition from China.
Export-Import Bank of the United States Approves First-Ever Term Financing for Domestic Manufacturing
$4.7 Million Direct Loan Marks First Transaction Authorized Under EXIM’s Make More in America Initiative
EXIM Authorized More Than $8.7 Billion in Transactions During Fiscal Year 2023
FY23 Marks Strongest Year Since EXIM’s 2019 Reauthorization
EXIM Announces Support for Electric Aircraft Domestic Manufacturing Facility During 2023 Asia-Pacific Economic Cooperation Forum
Second Transaction Authorized Under EXIM’s Make More in America Initiative; Will Support Hundreds of U.S. Jobs
The transaction is the second deal authorized under EXIM’s Make More in America initiative and is estimated to support 400 clean energy jobs in Vermont.
2023Congressman Spencer Bachus Sworn in for Second Term at Export-Import Bank of the United States Board of Directors
Director Bachus was officially sworn in on January 3, 2024, for a term through January 2027.
2024[i] Executive Order 6581, http://www.presidency.ucsb.edu/ws/index.php?pid=14772#axzz1pBsWshWq(link is external)
[ii] For further information on the First and Second Export-Import Banks see William Becker and William McClenahan, The Market, the State, and the Export-Import Bank of the United States (New York: Cambridge University Press, 2003): 10-40.
[iii] Export-Import Bank Extension, P.L. 90-267, 82 Stat. 47, Foreign Relations of the United States, 1964–1968, Volume VIII, International Monetary and Trade Policy, Document 197, pp. 553-554 , http://history.state.gov/historicaldocuments/frus1964-68v08/pg_553(link is external)