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EXIM Announces Board Meeting to Discuss Continued Implementation of Reform Efforts

Teleconference Meeting to Occur Thursday, May 21 at 10 a.m. EDT

FOR IMMEDIATE RELEASE May 20, 2020

Media Contact Name/Phone: 

Office of Communications (202) 565-3203

WASHINGTON – The Export-Import Bank of the United States (EXIM) announced its Board of Directors will hold an open meeting on Thursday, May 21, 2020, at 10 a.m. EDT via teleconference to address proposed reforms on additionality and economic impact and to hear an update from the Office of Small Business.

“EXIM is committed to increased transparency and implementing new reforms as we fulfill our congressionally mandated mission of supporting American jobs by facilitating U.S. exports, while protecting the taxpayer,” said EXIM President and Chairman Kimberly A. Reed.

EXIM is in the process of reviewing its economic impact procedures and proposed guidelines for determining “additionality.” In addition to posting this announcement on the EXIM website, the agency submitted a notice to the Federal Register.

Underscoring EXIM’s commitment to transparency, the meeting will be open to public observation by teleconference. Members of the public who wish to attend the meeting should email Joyce Stone in the Office of the General Counsel. Individuals will be given call-in information upon notice of attendance to EXIM.

ABOUT EXIM:

EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. 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, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.

For more information about EXIM, please visit www.exim.gov.