FOR IMMEDIATE RELEASE September 22, 2020
U.S. Embassy in Luxembourg at +352 46 01 23 ext. 24 or ext. 21 or at LuxembourgPublicAffairs@state.gov
LUXEMBOURG – The United States Ambassador to the Grand Duchy of Luxembourg J. Randolph Evans will welcome President and Chairman of the Board of Directors of the Export-Import Bank of the United States (EXIM), Kimberly A. Reed for a series of meetings in Luxembourg starting September 22, 2020.
Ambassador Evans stated:
“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.”
During her visit, Chairman Reed will participate in a series of meetings with Ambassadors from across Europe and American Government leaders and participate in meetings hosted by the Government of Luxembourg and European Court of Justice. Chairman Reed will deliver remarks focused on the important role EXIM plays in supporting American jobs by facilitating U.S. exports to Europe and around the world. She will highlight EXIM’s new “Program on China and Transformational Exports,” which was mandated by Congress in EXIM’s historic seven-year reauthorization – the longest in the agency’s 86-year history – and signed into law by President Trump on December 20, 2019. The program advances the comparative leadership of the United States with respect to China and supports United States innovation, employment, and technological standards through direct exports in key industries, including 5G, financial technology, renewable energy, biomedical sciences, biotechnology, artificial intelligence, and advanced computing.
For a brief biography of Chairman Reed, please see here: https://www.exim.gov/about/leadership/officers/reed-kimberly
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.
For more information about EXIM, please visit www.exim.gov.