Actions Maintain Quorum on EXIM’s Board of Directors
FOR IMMEDIATE RELEASE February 2, 2021
Office of Communications (202) 565-3204
WASHINGTON – The Export-Import Bank of the United States (EXIM) today announces that President Joseph R. Biden, Jr. authorized Senior Vice President of Policy Analysis and International Affairs James C. Cruse to serve in an acting capacity as EXIM First Vice President and Vice Chairman of the Board of Directors. In addition, the term of EXIM Board Member Judith D. Pryor has been extended for up to an additional six months. Both actions were effective as of January 20, 2021, and have enabled the agency to maintain the quorum on the Board of Directors in accordance with EXIM’s Charter. The term of the third currently serving board member, Spencer Bachus III, is in effect until January 20, 2023.
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.