FOR IMMEDIATE RELEASE April 28, 2002
Ken Murphy (202) 565-3200
First Vice President Noreen Doyle, European Bank for Reconstruction and Development (EBRD), will address U.S. lenders, exporters and government officials attending the Export-Import Bank of the United States (Ex-Im Bank) Annual Conference. She will speak on the investment opportunities in the EBRD's 27 countries of operation, a vast area that covers Central and Eastern Europe, the Balkans and the Former Soviet Union. The conference is aimed at helping U.S. exporters increase foreign sales.
Ms. Doyle, the second highest-ranking official at EBRD, is scheduled to speak at 9:40 a.m. on Thursday, May 2, 2002 at the Omni Shoreham Hotel, Washington, D.C.
The EBRD is the largest single investor in that part of the world. The EBRD is owned by 60 countries and the United States is the Bank's single biggest shareholder. Although it is government-owned, the EBRD invests mainly in the private sector and works with commercial partners.
The EBRD's net cumulative business volume - all committed loan, equity and other investments - rose to 20.2 billion Euros in 2001 and the Bank last year signed a record 3.66 billion Euros of new business.
For more than 10 years, BRD has help Central and Eastern Europe and the Commonwealth of Independent States (CIS) by providing direct financing for private sector activities, restructuring and privatization as well as funding for the infrastructure that supports these activities.
Before joining the EBRD, Ms. Doyle spent 18 years with Bankers Trust Company in London, New York and Houston. Ms. Doyle holds an MBA from the Amos Tuck School of Business Administration at Dartmouth College and is a U.S. citizen. The Export-Import Bank has authorized financing for $4.6 billion in support of U.S. exports to Central and Eastern Europe and the CIS in the five-year period covering fiscal year 1997 to fiscal year 2001.
The Export-Import Bank of the United States (www.exim.gov) serves as the official export credit agency of the United States. The mission of Ex-Im Bank is to help finance the sale of U.S. goods and services throughout the world, which helps create and sustain U.S. jobs. Ex-Im Bank supported almost $12.5 billion of U.S. exports worldwide in fiscal year 2001 and is a key player on the Bush Administration's trade policy, foreign policy, and economic stimulus policy teams.