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Transcript of the OPEN Portion of the Meeting

Summary of the Meeting of the Board of Directors

Thursday, August 13, 2020
 
Completed

VIA TELECONFERENCE

  1. OPEN:
    1. Stakeholder presentations regarding the request to renew EXIM’s partnership with Private Export Funding Corporation (PEFCO).
      (Presenters to be determined)
  2. CLOSED: NONE
Date Posted: Thursday, July 30, 2020

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 13, 2020

ITEM NO. 1
Stakeholder presentations regarding the request to renew EXIM’s partnership with Private Export Funding Corporation (PEFCO). The foundational legal agreement that governs the EXIM-PEFCO relationship is due for renewal this year. In order to consider this renewal, EXIM is currently conducting a review process with input from a variety of stakeholders to evaluate the possible benefits or costs of EXIM continuing such a relationship with PEFCO.
 
EXIM Staff Presenting (in order of presentation):
1. Jim Cruse, Senior Vice President of the Office of Policy Analysis and International Relations;
2. Ken Tinsley, Senior Vice President and Chief Risk Officer;
3. Lisa Terry, Senior Vice President and Chief Ethics Officer; and
4. Nicole Wharton, Senior Counsel.
 
External Stakeholders Presenting (in order of presentation):
1. Veronique de Rugy, Senior Research Fellow, Mercatus Center;
2. Stacey Facter, Senior Vice President, Bankers Association for Finance and Trade;
3. Patrick Gang, Head of Export and Agency Finance, Bank of America; and
4. Stephen Greene, Chief Operating Officer, American Trade Finance.
 
PEFCO Board Members Presenting:
1. Dick Aldrich, Executive Chairman, PEFCO.
 
PEFCO Staff Presenting (in order of presentation):
1. Tim Dunne, President and Chief Executive Officer, PEFCO;
2. Gordon Hough, Senior Vice President; and
3. Raj Nandkumar, Senior Vice President and Treasurer.
 
For Information Only: No Board Decision Required