Export-Import Bank of the United States Board Member Owen Herrnstadt Tours Costa Rica on Trade Mission with U.S. Delegation Led by Commerce Under Secretary Lago
COSTA RICA – Export-Import Bank of the United States (EXIM) Board Member Owen Herrnstadt concluded a successful trade mission to Costa Rica on Wednesday. Coming on the heels of EXIM’s participation in the Summit of the Americas in June, the trip was led by U.S. Under Secretary for International Affairs for the Department of Commerce Marisa Lago and advanced EXIM’s business development goals.
During the visit, Mr. Herrnstadt met with several key stakeholders, including Costa Rica President Rodrigo Chaves Robles, the Costa Rican Institute of Electricity, and the American Chamber of Commerce. Mr. Herrnstadt also met with United States Ambassador to Costa Rica Cynthia Telles.
Throughout these engagements, Mr. Herrnstadt emphasized EXIM’s commitment to building new opportunities to support the export of U.S. made goods and services, expanding global partnerships and educational resources, and increasing U.S. exports in the region that support U.S. jobs. He outlined several strategic priorities and opportunities in Central and South America, including 5G infrastructure and digital connectivity, advancing infrastructure projects through the Partnership for Global Infrastructure and Investment, leading the global energy transition and the Make More in America Initiative. He also reiterated EXIM’s deep commitment to supporting small business transactions.
Mr. Herrnstadt was joined on the trip by EXIM Deputy Chief of Staff Hazeen Ashby and Acting Senior Vice President of the Office of Small Business Tamara Maxwell.
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.