March 27, 2020
EXIM has announced a series of relief measures for U.S. exporters and financial institutions, and the board of directors this week underscored its support for these initiatives designed to inject liquidity into the market and give maximum financing flexibility. In addition, EXIM leaders hosted a teleconference with more than 400 participants to outline the agency’s temporary relief measures that provide assistance to U.S. businesses, their buyers, financial institutions, and American workers negatively impacted by COVID-19 (coronavirus).
Here’s a look at how business leaders from across the country are expressing support for EXIM’s unprecedented measures.
Monica N. Barber, Chairman, Georgia District Export Council (Atlanta, Georgia): “EXIM’s coronavirus response is just one more example of how it is on the cutting edge of supporting American jobs and keeping U.S. exporters thriving and competing in the international marketplace. Their proactive choice to reach out to current customers to verify liquidity further demonstrates their willingness to go the extra mile and their commitment to the American people while we all struggle through these difficult times. As a best in class export credit agency, EXIM is expeditiously providing support through waivers, deadline extensions, streamlined processing, and flexibility – which is just what Americans need right now.”
Harvey Tettlebaum, Partner, Husch Blackwell (Jefferson City, Missouri): “There has been an interruption of international economic activity from the COVID-19 pandemic, and EXIM has aggressively moved forward to offer crucial economic support for American businesses to be able to continue to compete on the world economic stage. The export of quality American products as well as the important relationships that this commerce engenders is important to the full recovery of the American economy once the COVID-19 situation terminates. Chairman Reed has worked tirelessly during these stressful times to make sure that EXIM is there to support American commerce and businesses in this regard.”
Chuck Withee, President and Chief Lending Officer, The Provident Bank (Portsmouth, New Hampshire): “We appreciate EXIM’s continued commitment to the small and medium-sized exporters that we work with here at The Provident Bank. During today’s stakeholder call, we gathered valuable insights and information about the relief measures that EXIM will be putting in place for exporters and financial institutions due to the COVID-19 outbreak.”
Gary Mendell, Meridian Financial Group (Los Angeles, California): “This time of coronavirus should be a shining moment for export credit insurance, not only for how it will protect exporters already at risk, but also for how it will embolden exporters to keep growing their international sales even amidst the present challenges. And if EXIM will keep underwriting, even if the private-sector markets pull back, then this will be a moment for EXIM to shine as well.”
For more information about EXIM’s relief efforts, visit the coronavirus response page for complete details.