READOUT: EXIM Sub-Saharan Africa Advisory Committee Meets to Discuss U.S. Competitiveness, EXIM's China Program, Support for Renewable Energy
WASHINGTON - The 2020-2021 Sub-Saharan Africa Advisory Committee (SAAC) of the Export-Import Bank of the United States (EXIM) met yesterday to discuss EXIM's support for U.S. exports to sub-Saharan Africa, the implementation of EXIM's Program on China and Transformational Exports (China Program) and priorities of the Biden-Harris Administration regarding economic and national security, U.S. competitiveness, and support for renewable energy.
SAAC Chairman Daniel Runde, Senior Vice President of the Program on Prosperity and Development, Center for Strategic and International Studies, presided over the public meeting. Acting EXIM First Vice President and Vice Chairman James C. Cruse and Board Members Spencer Bachus III and Judith D. Pryor participated in the virtual gathering, with the additional participation of EXIM senior management in the Office of Policy and International Relations, Office of Communications and External Engagement, and the Office of the Program on China and Transformational Exports.
Remarks on Administration priorities were made by Deneice Laurent-Mantey, Director, Southern Africa, National Security Council; Camille Richardson, Deputy Assistant Secretary for the Middle East and Africa, International Trade Administration; and Anne Womer, Acting Chief Operating Officer, Prosper Africa Executive Secretariat. Also addressing the meeting were James O'Brien, Partner, Baker & McKenzie LLP, and Musya Tumanyan, Senior Vice President of Hoffman Equipment.
Committee members offered comments on the current state of U.S. competitiveness in sub-Saharan Africa and EXIM's role in advancing the Administration's objectives on economic recovery and climate change.
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 insurance, working 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.