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Heads of G7 Export Credit Agencies Met at a Virtual Meeting

The Meeting was Hosted by the German Ministry for Economic Affairs and Climate Action

FOR IMMEDIATE RELEASE December 15, 2021

Media Contact Name/Phone: 

Office of Communications (202-730-6639)

WASHINGTON – On December 14 and 15, 2021 Export Credit Agency (ECA) Heads from Canada, France, Germany, Italy, Japan, the UK and the USA discussed the role of ECAs in global trade, also taking into account the impact of the COVID-19 pandemic.

The G7 ECA Heads agreed that a modernization of the Arrangement on officially supported export credits is essential to ensuring an effective level playing field in international trade. The constructive and open discussions further focused on the strategic role ECAs can play to support worldwide transition to climate neutrality and adaptation to climate change as follow-up to COP26. G7 ECA Heads agreed that ECA support will be critical to mobilize further private and public finance for the export of climate-friendly technology.

The next G7 Heads of ECAs meeting will be held in 2022 in Ottawa.

ABOUT EXIM:

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 insuranceworking 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.