Building off the big momentum generated at our Annual Conference, the largest ever in our agency's history, and the recent economic normalization announcement between Serbia and Kosovo, I was honored to travel last week with Chairman Reed, the United States International Development Finance Corporation (DFC) CEO Adam Boehler, Ambassador Richard Grenell, USAID Deputy Administrator Bonnie Glick, Undersecretary of Commerce Joe Semsar, and others from the National Security Council and the Department of Energy to the Middle East, Europe, and North Africa. We underscored America's commitment to the region by focusing on opportunities for small and medium-sized enterprises, transportation infrastructure, and energy projects.
Anecdotally, EXIM's partners abroad were thrilled to see this kind of coordinated effort from the U.S. government. I am a firm believer that we need to "show up" and that this kind of strategic engagement will yield tremendous positive results for U.S. businesses and workers and our foreign allies. Economic empowerment can yield prosperity and peace.
Thanks for your continued partnership — please don't hesitate to reach out at firstname.lastname@example.org!
— Luke Lindberg
Senior Vice President
Office of External Engagement
Chairman Reed and Senior Staff Participate in Overseas Tour Engaging with Leadership
Last week, Chairman Reed joined an interagency delegation led by DFC CEO Adam Boehler on a trip to Europe, engaging in a series of meetings. She was joined by EXIM senior leadership including Chief of Staff David Fogel, Chief Banking Officer Stephen Renna, and Senior Vice President for External Engagement Luke Lindberg. Places and people visited included Greece and the Greek Prime Minister Kyriakos Mitsotakis; Luxembourg and the U.S. Ambassador to the Grand Duchy of Luxembourg J. Randolph Evans as well as 15 other U.S. Ambassadors from varying countries at the Chief of Missions Summit; and Serbia and the U.S. Ambassador to Serbia Anthony Godfrey as well as President Aleksandar VuÄiÄ‡ and Prime Minister Ana BrnabiÄ‡. The delegation also traveled to Morocco to meet with their Minister of Trade, Industry, and Commerce Moulay Hafid Elalamy. Discussions in each meeting focused on advancing economic cooperation with each country, development, strategic investments, and supporting U.S. exports to each region.
In Greece, traveling via tugboat past the Port of Piraeus to the Elefsina Shipyard on September 22, 2020. L-R: EXIM Chairman Reed, Minister Papathanasis, DFC CEO Boehler, Minister Georgiadis, and Ambassador Pyatt.
EXIM Works to Advance Historic Economic Agreement Between Serbia and Kosovo
In addition to physically travelling to Europe to engage in meetings, EXIM has shown their support of advancing the recent historic agreement between Serbia and Kosovo to commit to economic normalization, which first began in early September. Chairman Reed and DFC CEO Apdam Boehler signed Letters of Interest with the two countries for the construction of The Peace Highway which will connect Nis and Pristina. Chairman Reed also then met with Kosovo’s Minister of Finance Hykmete Bajrami and Ambassador of Kosovo to the United States Vlora Citaku at the Kosovo Embassy to build on this support.
L-R: Kosovo Senior Political Adviser to the Minister Lulzim Krasniqi, EXIM Vice President Annette Maresh, EXIM Chief Banking Officer Stephen Renna, EXIM Chairman Reed, Kosovo Minister Bajrami, Ambassador Ã‡itaku, and Kosovo Chief of Cabinet to the Minister Ermal Lubishtani. Kosovo Embassy on September 18, 2020.
EXIM Supports Minority Business Development through Partnership and Transactions
EXIM and the Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, recently announced a three-year collaborative effort to promote EXIM financing products amount minority business enterprises. As part of EXIM’s largest Annual Conference ever, Chairman Reed and MBDA National Director David Byrd signed a memorandum of understanding to facilitate engagement between the two agencies. In addition, Chairman Reed highlighted EXIM’s efforts during Minority Enterprise Development Week, revealing that to date, in FY2020, EXIM has approved $272.8 million in authorizations in support of 378 minority and women-owned businesses (MWOBs). EXIM maintains a special initiative for MWOB.
EXIM Chairman Kimberly Reed and MBDA National Director David Byrd. EXIM's headquarters in Washington, DC on August 31, 2020.
Chairman Reed Participates in Multiple State-Based Webinars to Promote EXIM Financing
In an effort for EXIM to reach all U.S. states and territories, Chairman Reed has been participating in state-based webinars highlighting how businesses can utilize EXIM’s financing tools and resources to expand their international sales, showcase their “Made in the USA” products, and sustain American jobs. Each webinar featured additional speakers who outlined how businesses can partner with EXIM to mitigate the risk of non-payment on international sales, offer credit terms to foreign buyers, and access working capital loan guarantees. Speakers also underscored EXIM’s COVID-19 relief measures for U.S. exporters and financial institutions to enhance the agency’s existing programs. Remarks were delivered during virtual events hosted by business leaders in the following places:
Board Member Spencer Bachus III Addresses the 2020 American-Turkish Conference
During the 38th annual American-Turkish Conference, hosted by the U.S. Chamber of Commerce’s U.S.-Turkey Business Council (USTBC) and the Foreign Economic Relations Board of Turkey’s Turkey-U.S. Business Council (TAIK), EXIM Board member Spencer Bachus III delivered remarks. He underscored EXIM’s support of U.S. businesses and workers as they export their goods and services to Turkey. Director Bachus also highlighted the July 23, 2020 unanimous vote to provide up to $498 million in financing to support the export of passenger aircraft to Turkish airlines and an estimated 2,000 jobs across the U.S.
Chairman Reed Renews Commitment to Africa during a Corporate Council on Africa Meeting
Chairman Reed delivered remarks to a meeting of the Corporate Council on Africa (CCA) held in conjunction with the 75th Session of the United Nations General Assembly (UNGA) meetings. This CCA event united government and private sector leaders to discuss opportunities for investment and business partnership between the U.S. and Africa as nations set a path for economic recovery from the impact of the COVID-19 pandemic. They also discussed the Trump administration’s Prosper Africa initiative, of which EXIM takes part. Also, EXIM’s Sub-Saharan Africa Advisory Committee oversees the agency’s involvement in Africa and provides feedback and recommendations regularly.
What Others Are Saying About EXIM
- Wilbur L. Ross, U.S. Secretary of Commerce: "The Trump Administration is committed to supporting America’s minority-owned businesses by creating new export opportunities. This memorandum of understanding is a critical step in ensuring minority business enterprises, essential pillars of our Nation’s economy, receive the necessary resources for international growth." September 14, 2020, EXIM News
- David J. Byrd, National Director, MBDA: "MBDA and EXIM share a commitment to provide increased opportunities for minority business enterprises to export U.S. goods and services. The focused collaboration will facilitate greater awareness of resources available to minority-owned firms to increase their participation in international commerce through increased export opportunities." September 14, 2020, EXIM News
- Jon Bittner, Executive Director, Alaska SBDC: "Now more than ever it is important for Alaskan businesses to take advantage of every available market and opportunity. Resources and organizations like the ones showcased in this webinar are crucial to helping entrepreneurs launch or grow their international presence successfully." September 16, 2020, EXIM News
- Alyssa Rodrigues, Director, Alaska Manufacturing Extension Partnership Center:Â "As Alaska continues to struggle with the impacts of COVID, reaching out to new markets to sustain our businesses is more important now than ever." September 16, 2020, EXIM News
- Jim Newton, Export Finance Manager, U.S. SBA: "SBA’s Office of International Trade (OIT) appreciates this opportunity to work with EXIM Bank to enhance the international competitiveness of Montana’s small business exporters." September 16, 2020, EXIM News
- Ella Gurr, Chairwoman, American Samoa Chamber of Commerce: "The American Samoa Chamber of Commerce is pleased to work with EXIM to foster business and community growth and development and to support economic programs and help expand economic potential of all businesses within American Samoa." September 21, 2020, EXIM News
- Jason M. Betham, Sr., State Director, American Samoa SBDC: "We are here to help local exporters reach beyond the U.S. markets by leveraging the expertise of resource partners such as the Small Business Administration and EXIM Bank with the overall goal of expanding our economy." September 21, 2020, EXIM News
- Geoffrey Pyatt, U.S. Ambassador to Greece: "I am very pleased to welcome Chairman Reed of the Export-Import Bank as part of the delegation to Greece led by Chief Executive Officer of the United States International Development Finance Corporation Adam Boehler. The Export-Import Bank is an essential tool of U.S. diplomacy, and Chairman Reed’s visit reflects the United States’ commitment to be a strong partner for Greece. Like the Development Finance Corporation, the Export-Import Bank can play an indispensable role in helping ensure the United States remains Greece’s partner of choice for critical infrastructure and development projects, especially those in the energy sector and involving cutting edge technology, where American products lead the world, and stands in strong contrast to the checkbook diplomacy of malign actors." September 22, 2020, EXIM News
- J. Randolph Evans, U.S. Ambassador to the Grand Duchy of Luxembourg: "It is an honor to host Chairman Kimberly Reed in Luxembourg to meet with American and Luxembourgish leaders. As the first woman President and Chairman of the Export-Import Bank of the United States, Reed is a pioneer in her field and her extensive experience in both the public and private sectors gives her invaluable insight into a diverse set of issues we are facing today." September 22, 2020, EXIM News
- Leland Gibbs, Export Finance Manager, U.S. SBA: "I am excited for the opportunity to be working with EXIM and our other resource partners to provide our services to the small business community of Wyoming and Colorado as we all look for alternative ways to meet today’s challenges of doing business." September 22, 2020, EXIM News
- Brandon Marshall, Business Development Director, Wyoming Business Council: Â "The Wyoming Business Council is focused on growing our existing industries to diversify the state’s economy. Exporting is clearly a large, mostly untapped opportunity for Wyoming's companies, and we’re excited to partner with EXIM and our other federal partners to help Wyoming’s companies grow and diversify." September 22, 2020, EXIM News
- Maris S. Salinas, President & CEO, Los Angeles Area Chamber of Commerce: "We are excited to have Kimberly Reed as our featured keynote for the 94th annual World Trade Week virtual event. This year has shown how interconnected the world is, as well as how global trade is fueling innovation and economic growth for the Los Angeles region through challenging times." September 23, 2020, EXIM News
- Tarek Mango, President, Mango Enterprises: "EXIM has provided us with the ability to take our business to the next level. They are a great resource for American businesses involved in overseas markets." September 23, 2020, EXIM News
- Nicole Sherwood, Director of Grants and Operations & STEP Project Director, World Trade Center Utah: "Our shared goal to expand revenue growth through exporting makes for a strong partnership with EXIM’s Regional Export Promotion Program (REPP). Together, we bring hands-on trade financing solutions to Utah businesses to create the necessary tools for them to be competitive internationally." September 23, 2020, EXIM News
- Florizelle Liser, President & CEO, Corporate Council on Africa: "CCA is pleased to be working with EXIM and other U.S. government agencies as well as the U.S. and African private sectors to grow the U.S.-Africa trade, investment, and business relationship — particularly in this period when paths for recovery and economic growth are so critical." September 24, 2020, EXIM News
Meet the EXIM Office of External Engagement
Principal Deputy to the Senior Vice President
Senior Protocol Officer
Senior Vice President
Vice President of External Engagement
Director of External Engagement
Deputy to the Senior Vice President
External Engagement Specialist
EXPORT-IMPORT BANK OF THE UNITED STATES
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