FOR IMMEDIATE RELEASE November 25, 2019
Office of Communications (202) 565-3201
Paris, France – Kimberly A. Reed, president and chairman of the Export-Import Bank of the United States (EXIM), today participated in the annual G7 Heads of Export Credit Agencies (ECAs) Meeting, which was hosted by the French at the French Ministry of Finance and Economy in Paris. There she met with her counterparts from Canada, France, Germany, Italy, Japan, and the United Kingdom.
Also participating was James C. Cruse, EXIM senior vice president for Policy Analysis and International Relations.
The discussions focused on how to best respond to the challenges all ECAs face as each individually pursues its institutional mandates in a world of increasingly rapid and broad change in elements such as the number and type of export finance participants, banking regulations, and societal priorities.
Chairman Reed also provided a status update on the U.S. Congressional reauthorization of EXIM, which currently is set to expire on December 20, 2019, unless Congress passes legislation that is signed into law.
Chairman Reed looks forward to continuing the ECA discussion from a broader perspective as the United States is scheduled to host the annual G12 Heads of Export Credit Agencies Meeting in Washington, D.C., during the first part of 2020.
L-R: Louis Taylor, CEO, UKEF (UK); Michal Ron, Director of International Relations, SACE (Italy); Mairead Lavery, President & CEO, EDC (Canada); Gabriel Cumenge, Deputy Asst. Secretary, DG Tresor (France); Kimberly Reed, President & Chairman, EXIM (US); Christof Herfarth, Head of Export Finance & Export Credit Division, BMWi (Germany); Atsuo Kuroda, CEO, NEXI (Japan). Also participating but not pictured: Alessandro Decio, CEO and General Manager, SACE (Italy).
ABOUT EXIM BANK:
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, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.
For more information about EXIM, please visit www.exim.gov.