Joins Other U.S. Government Officials for U.S. State Department’s “U.S.-Bangladesh High Level Consultations on Economic Partnership” Meeting
FOR IMMEDIATE RELEASE September 30, 2020
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WASHINGTON — Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today provided remarks during the Investment and Economic Recovery session of the U.S. Department of State’s “U.S.-Bangladesh High Level Consultations on Economic Partnership” virtual meeting, co-chaired by the Honorable Keith Krach, U.S. Undersecretary of State for Economic Growth, Energy, and the Environment and the Honorable Dr. Salman Rahman, Advisor for Private Sector Investment to Her Excellency Prime Minister of Bangladesh Sheikh Hasina. Chairman Reed highlighted the strong partnership between the U.S. and Bangladesh and EXIM’s commitment to enhancing economic cooperation and supporting economic growth, investment, and prosperity in both Bangladesh and the region.
“The governments of the United States and Bangladesh share the common objectives of supporting jobs and improving lives. EXIM is a valuable tool in our partnership to carry out these objectives and EXIM is committed to supporting diverse transformational exports, including biotechnology agriculture, wireless communications, transportation infrastructure, energy, and biomedical sciences, to Bangladesh and the region,” said EXIM Chairman Reed. “We look forward to continuing to work with Bangladesh and our other partners across the region to strengthen their economies by connecting them with quality ‘Made in the U.S.A.’ goods and services. EXIM is fully committed, engaged, and ready, as appropriate, to support sales of U.S. exports to this important part of our world.”
Other U.S. Government speakers participating in the session included Ian Steff, Assistant Secretary for Global Markets and Director General of the United States and Foreign Commercial Service, Department of Commerce; Javier Piedra, Acting Assistant Administrator of the Bureau of Asia, U.S. Agency for International Development; Kelley Currie, Ambassador-at-Large for Global Women’s Issues, Department of State; and Todd Abrajano, Chief Operating Officer, Heady of Agency, U.S. Trade and Development Agency.
In November 2019, EXIM Chairman Reed participated in the Indo-Pacific Business Forum in Bangkok, Thailand, where she met with government and private-sector leaders to emphasize how EXIM can facilitate trade in the Indo-Pacific region while creating American jobs at home. Chairman Reed also joined National Security Advisor Robert O’Brien at the East Asia Summit to underscore the U.S. economic commitment to the Indo-Pacific Region. Since 2010, EXIM has provided more than $41 billion in support of American businesses in the region.
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.