Participates in Virtual “Financing the Deal & Getting Paid" Session Hosted by U.S. Commercial Service
FOR IMMEDIATE RELEASE August 12, 2020
Office of Communications (202-565-3207)
WASHINGTON – Export-Import Bank of the United States (EXIM) President and Chairman of the Board of Directors Kimberly A. Reed yesterday delivered prerecorded remarks during a “Financing the Deal & Getting Paid” session of the Women’s Global Trade Empowerment Forum, hosted by the U.S. Commercial Service.
In her remarks, Chairman Reed underscored EXIM’s commitment to women-owned businesses and highlighted how EXIM can support female entrepreneurs who wish to grow their business through exports. Chairman Reed’s remarks were introduced by Deputy Assistant Secretary for U.S. Operations at the Department of Commerce Ana M. Buevara.
“As the first woman Chairman in EXIM’s 86-year history, one of my key priorities is helping U.S. businesses owned and led by women bring their great ‘Made in the USA’ products and services to the world,” said Chairman Reed. “In Fiscal Year 2019, EXIM authorized over $189 million in support of wonderful women-owned businesses seeking to export and I am working closely with our interagency and external partners to build on those successes and deliver wins for women-owned businesses.
In Fiscal Year 2019, authorizations to minority- and women-owned businesses (MWOB) constituted nearly 18 percent of EXIM’s total direct small business support. Over the last decade, EXIM has helped MWOBs throughout the United States export to 166 countries around the world.
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.