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EX-IM BANK SUPPORTS NEW TRADE BANK FOR IRAQ

FOR IMMEDIATE RELEASE July 27, 2003

Media Contact Name/Phone: 

Andrew Yarrow, (202) 565-3200

WASHINGTON, DC ---The Export-Import Bank of the United States (Ex-Im Bank) will hold an international teleconference on Wednesday, July 30 from 1:30 to 2:30 p.m. EDT (6:30 to 7:30 p.m. BST in the United Kingdom) to discuss short-term credit insurance products and how they may be used in connection with the newly established Trade Bank of Iraq. Ex-Im Bank officials will address questions from trade finance lenders, exporters and other interested parties. The discussion will be led by:

  • Peter Saba, Ex-Im Bank's acting chief operating officer and general counsel,
  • Jeffrey Miller, Ex-Im Bank's senior vice president, export finance, and
  • John McAdams, Ex-Im Bank's senior vice president, credit and risk management.

To register and obtain connection information for the teleconference, contact Niki Shepperd by noon on Wednesday July 30, at (202) 565-3202 or niki.shepperd@exim.gov.

Please note that Ex-Im Bank personnel will not discuss or address questions relating to the recent Request for Proposal (RFP) issued by the Coalition Provisional Authority in connection with the Trade Bank for Iraq. Questions about the RFP should be directed to iraqtradebank@do.treas.gov.

A video link will be available in Washington and New York for those who are interested.

As the official export credit agency of the United States, Ex-Im Bank helps finance the sales of U.S. exports, primarily to developing markets, by providing guarantees, export credit insurance, and loans. In fiscal year 2002, Ex-Im Bank authorized financing to support nearly $13 billion of U.S. exports.

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Editor's Note: News media are invited to listen in and ask questions at the end of the teleconference, or may address questions after the teleconference to Ex-Im Bank's Office of Communications, at (202) 565-3200.