EXIM Board Announces Open Meeting to Discuss COVID-19 Response Efforts
WASHINGTON - The Export-Import Bank of the United States (EXIM) today announced its Board of Directors will hold an open meeting on Wednesday, March 25, 2020, at 2:00 p.m. EDT via teleconference to address COVID-19 (coronavirus) and temporary relief measures.
"During this challenging time, EXIM remains open and operational and is committed to our mission of supporting U.S. jobs through exports. Building on the initial relief measures announced on March 12, EXIM will continue to do everything we can to ensure the success of American businesses and workers," said EXIM President and Chairman Kimberly A. Reed. "We are closely monitoring the evolving situation, as we take our responsibility to support and protect our customers, colleagues, and the American taxpayer very seriously, and stand ready to serve."
Chairman Reed added, "EXIM is aware that in the months following the COVID-19 outbreak, exporting will be a significant challenge for many of our nation's businesses, particularly America's small business. We are working tirelessly to ensure our nation has the proper programs in place to provide U.S. exporters with the financing and other products necessary to export 'Made in the U.S.A.' products in the future."
In addition to the posting of this announcement on the EXIM website, the agency submitted a notice to the Federal Register as early as practicable given the urgent circumstances before the meeting. 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, Office of the General Counsel, by close of business Tuesday, March 24, 2020. Individuals will be given call-in information upon notice of attendance to 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.