FOR IMMEDIATE RELEASE October 30, 2020
Office of Communications (202) 565-3206
WASHINGTON — The Export-Import Bank of the United States (EXIM) has extended through April 30, 2021, relief measures for U.S. exporters and financial institutions impacted by the COVID-19 pandemic, the agency announced today. The relief measures – which include waivers, deadline extensions, streamlined processing, and flexibility – were originally announced on March 12, 2020 and were extended.
“America’s incredible exporters and workers should know that EXIM is fully committed to their success, as they overcome the challenges brought on by COVID-19,” said EXIM President and Chairman Kimberly A. Reed. “Earlier this year, EXIM responded quickly and with urgency to offer relief and flexibility in response to COVID-19. It is encouraging to see that effort bear fruit as more American companies utilize EXIM’s expanded tools to support the export of ‘Made in the USA’ goods and services. At the same time, as challenges related to COVID-19 remain, EXIM is extending these relief measures.”
More resources regarding EXIM’s COVID-19 response and relief measures are available online.
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.