FOR IMMEDIATE RELEASE January 15, 2021
Office of Communications (202) 565-3207
MEMPHIS, Tennessee – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed met yesterday with FedEx Corporation Executive Vice President and Chief Financial Officer Michael C. Lenz and Executive Vice President and Treasurer Bert Nappier to discuss the importance of U.S. exports in furthering American economic prosperity. The group also discussed their respective organizations’ shared passion for cultivating and supporting America’s small and medium-sized exporters and U.S. jobs.
Chairman Reed also detailed EXIM’s All America Initiative, and the agency’s partnership with the National Association of State Chambers of Commerce to reach businesses and workers in states across United States to help U.S. exporters prosper and grow.
Chairman Reed also learned about FedEx’s strong international presence and operations. Joining the meeting from EXIM was Special Advisor Edward Newburn.
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. 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.