EXIM's mission is American jobs
EXIM is an independent federal agency that was created to support American jobs by facilitating the export of U.S. goods and services.
EXIM is governed by a Board of Directors
EXIM has a five-member Board of Directors to consider individual transactions, policies, and other business that may arise. A minimum of three members is required for a quorum; without a quorum, the agency generally cannot approve transactions exceeding $25 million.
EXIM has a history of strong bipartisan support
EXIM has been reauthorized by large bipartisan majorities in Congress 17 times and supported by 14 U.S. presidents. EXIM’s most recent extends its authority through December 31, 2026.
EXIM is critical to small businesses
Small business exporters need certainty and protection to tackle new markets, expand, and create jobs.
EXIM responsibly manages risk
EXIM is committed to effective risk management and maintains prudent reserves to cover potential losses. For the latest quarterly Default Rate Report to Congress see the following webpage.
EXIM is vital to countering aggressive foreign competition
With 115 known export credit providers around the world trying to win jobs for their own countries, EXIM helps level the playing field for American businesses. "Made in America" is still the best brand in the world, and EXIM ensures that U.S. companies never lose out on a sale because of attractive financing from foreign governments.
EXIM does not compete with the private sector
EXIM fills export financing gaps through its insurance, guarantee, and direct lending programs when the private sector is unable or unwilling to do so. At the same time, private sector lenders are EXIM’s partners and often work directly with EXIM to ensure exporters can access the capital they need to compete overseas. The vast majority of EXIM transactions directly involve commercial financial institutions.