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EX-IM BANK TO HOLD SECOND MEETING OF RENEWABLE ENERGY EXPORTS ADVISORY COMMITTEE SEPT. 30

FOR IMMEDIATE RELEASE September 26, 2002

Media Contact Name/Phone: 

Linda Formella (202) 565-3200

The Export-Import Bank of the United States (Ex-Im Bank) will hold a meeting of its 2002 Renewable Energy Exports Advisory Committee at Ex-Im Bank's headquarters in Washington, D.C., on Monday, September 30, 2002. The event is open to the public.

In accord with President Bush's National Energy Policy, the advisory committee was established to provide Ex-Im Bank's board of directors with expert guidance on increasing support for U.S. exports of market-ready, renewable energy products and technologies that generate efficient energy and preserve a clean environment. The committee held its first meeting June 6, 2002. It will hold a third meeting later in the year and expects to present Ex-Im Bank's board of directors with recommendations before the end of 2002.

Members of the Renewable Energy Exports Advisory Committee represent U.S. renewable energy technology firms, related trade associations, financial institutions, academia and a non-governmental organization.

Ex-Im Bank is an independent federal agency that helps finance the sale of U.S. exports, primarily to developing markets, by providing loans, guarantees and export credit insurance. In fiscal year 2001, Ex-Im Bank support $12.5 billion of U.S. exports worldwide, and approximately $400 million of U.S. exports of environmentally beneficial goods and services.