FOR IMMEDIATE RELEASE August 31, 2020
Office of Communications (202) 565-3206
WASHINGTON — The Export-Import Bank of the United States (EXIM) has extended through October 31, 2020, 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 extended in April.
“As we work to safely reopen and grow the economy, we want our great United States exporters, especially our nation’s small businesses, to have maximum support and flexibility,” said EXIM President and Chairman Kimberly A. Reed. “EXIM acted immediately to provide relief and flexibility in response to COVID-19 and we are encouraged to see U.S. companies increasingly utilize EXIM tools to support American jobs and grow their exports. However, COVID-19 continues to present significant challenges to U.S. exporters, so EXIM is extending these relief measures.”
“Every EXIM customer should know that we will work with you to address any exporting problems you may face as a result of COVID-19,” said EXIM Senior Vice President of Small Business James G. Burrows, Jr. “Contact us and our team will work with you to provide any flexibility we can so that you can focus on what matters most.”
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.