EXIM Extends Temporary COVID-19 Relief Measures Through May 31, 2020
WASHINGTON - The Export-Import Bank of the United States (EXIM) recently extended relief measures for U.S. exporters and financial institutions affected by the COVID-19 pandemic through May 31, 2020. Initial relief measures, which include waivers, deadline extensions, streamlined processing, and flexibility, were announced on March 12 for an initial period of 30 days.
"EXIM is committed to supporting U.S. businesses during this challenging time," said EXIM President and Chairman Kimberly A. Reed. "By extending these relief measures, we are ensuring U.S. exporters can focus on the safety of their families and employees. For companies experiencing payment issues or difficulty accessing liquidity, we invite them to reach out to EXIM."
"These relief measures will help ensure EXIM customers - especially small businesses - have maximum flexibility during the COVID-19 pandemic," said EXIM Senior Vice President of Small Business Jim Burrows. "These relief measures provide liquidity in a challenging market, and ensure our customers can focus on the health of their employees and families without worrying about meeting EXIM's deadlines."
EXIM's Board of Directors announced additional temporary relief measures on March 25. Information on the extended relief measures can be found on a fact sheet online, and more information on EXIM's COVID-19 response can be found here.
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.