FOR IMMEDIATE RELEASE April 30, 2014
Lawton King (202-565-3200)
Washington, D.C. - The Export-Import Bank of the United States (Ex-Im Bank) announced today the appointment of 11 members to its 2014 Sub-Saharan Africa Advisory Committee.
Committee members will advise the Bank on the development and implementation of policies and programs designed to support the Bank's engagement in Sub-Saharan Africa with a view to boosting American exports and bolstering American jobs.
In the last fiscal year alone, we authorized $604 million to support the export of U.S. products and services to 35 of the 49 countries in Sub-Saharan Africa, said Ex-Im Bank Chairman and President Fred P. Hochberg. But we are looking to expand our engagement in order to keep up with economic growth in Africa and support jobs here at home. Our Sub-Saharan Africa Advisory Committee will help us do just that, and we look forward to their input and counsel.
This year's board Board will feature five new members and six returning members.
The new members are James Dunlap of Scowcroft Group; the Hon. Don Gips of Albright Stonebridge Group; James P. O'Brien of Baker & McKenzie, LLP; Yolanda (Cookie) Parker of The Parker Group, LLC; and V. Shankar of Standard Chartered.
The returning members are Wale Adeosun of Kuramo Capital Management; Matthew McLean of Endsight Consulting; Rosalind McLymont of McLymont, Kunda & Co. and The Network Journal; Shahid Qadri of Black & Veatch; the Hon. Robin Sanders of Dynamic Development Design Strategies; and Miguel Santos of Boeing.
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working-capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of operations.
In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions-- or 89 percent--for small-businesses. Small business exporters can learn about how Ex-Im Bank products can help them increase foreign sales at http://go.usa.gov/ZVTd. For other information about Ex-Im, visit www.exim.gov.