FOR IMMEDIATE RELEASE December 19, 2013
Lawton King (202-565-3200)
Washington, D.C. - Today the Export-Import Bank of the United States (Ex-Im Bank) unveiled a new blog by Ex-Im Bank Chairman Fred P. Hochberg. Titled Fred's Thread, the new blog will provide readers with the latest information on Ex-Im Bank and trade finance trends.
My plan is to share news about Ex-Im Bank and stories from American exporters across the country, said Chairman Hochberg. I hope this new online platform provides readers with useful information as they learn how exports boost our economy, create U.S. jobs, and help small and medium-sized businesses succeed in international markets.
Please click here to read the first posting from Fred's Thread.
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. For more information, visit www.exim.gov.