FOR IMMEDIATE RELEASE June 21, 2019
Linda Formella (202-565-3204)
Washington, D.C. – The Export-Import Bank of the United States (EXIM) now is accepting nominations of persons to serve as members of the bank’s 2019 Advisory Committee and the 2019 Sub-Saharan Africa Advisory Committee. The nominations period begins today and will close on July 24, 2019.
Notices inviting submissions of nominations for both committees have been published in the Federal Register. More information, including how to submit nominations, is available on EXIM’s website at Advisory Committee and Sub-Saharan Africa Advisory Committee.
Both advisory committees were established by the U.S. Congress in EXIM’s charter to provide direct input and advice to EXIM’s board of directors on the bank’s programs and policies from individuals representing the private sector and state government. Appointments to the advisory committees require votes by the board of directors. Due to the lapse of the quorum on EXIM’s board that lasted from July 2015 until May 2019, the bank was unable to appoint new members to its advisory committees during that period.
“I am delighted that EXIM again is able to fulfill our congressional mandate to engage the private sector and state governments in shaping the bank’s programs and policies. EXIM welcomes the nominations of individuals representing a wide range of sectors to serve on our advisory committees. I look forward to working with the new members who will be appointed by the board. I’m certain that they will provide us with invaluable insights and advice on how best to serve America’s exporters and workers,” said EXIM Chairman Kimberly A. Reed.
EXIM’s Advisory Committee, which is composed of 17 members, advises the bank on all of its programs and policies, focusing on how EXIM can support American jobs and provide financing to enable U.S. exports to remain competitive in global markets. The Advisory Committee members represent agriculture, commerce, environment, finance, labor, production, services, state government, and the textile industry. At least three members must represent the small business community. The committee meets quarterly and makes recommendations to enhance the bank’s service and value to its customers. The Advisory Committee’s yearly report is contained in EXIM’s annual Report to the U.S. Congress on Global Export Credit Competition, which is published at the end of June.
EXIM’s Sub-Saharan Africa Advisory Committee, composed of 11 members, advises the bank on the use of all of its products—insurance, guarantees, and loans—to expand its financing commitments for U.S. exports to sub-Saharan Africa. Committee members represent banking, commerce, and trade finance; at least one member must represent small business.
ABOUT EXIM BANK:
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, 90 percent of the total number of the bank’s authorizations has directly supported small businesses. Since 2000, EXIM has sent $14.8 billion to the U.S. Treasury after paying for all of its administrative and program expenses.
For more information about EXIM, please visit www.exim.gov.