FOR IMMEDIATE RELEASE October 17, 2019
Office of Communications (202) 565-3204
Washington, D.C. – Today at EXIM headquarters Kimberly A. Reed, president and chairman of the Export-Import Bank of the United States (EXIM) met with Geetha Muralidhar, chairman-cum-managing director of ECGC Ltd., an export credit agency (ECA) of the government of India. The bilateral meeting between the ECA heads took place during the week of the 2019 annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington, D.C.
Chairman Reed and Chairman-cum-Managing Director Muralidhar articulated their mutual interest in reaffirming a memorandum of understanding (MOU) signed between the two export credit agencies in 2017. Under the MOU still in effect, EXIM and ECGC agreed to exchange information on trade and business opportunities to facilitate procurement of U.S. and Indian goods and services by both state-owned and private-sector enterprises in the United States and India. The two agency heads discussed ways that their respective institutions could coordinate under the MOU framework to alleviate technical obstacles to doing more business. They also expressed the priority that each agency places on transparency and their shared desire to see greater transparency among all ECAs globally.
Today at EXIM headquarters, EXIM President and Chairman Kimberly A. Reed met with Geetha Muralidhar, chairman-cum-managing director of ECGC Ltd., an export credit agency of the government of India.
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. 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, 90 percent of the total number of the agency’s authorizations has directly supported small businesses.
For more information about EXIM, please visit www.exim.gov.