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Statement of the G12 Heads of Export Credit Agencies


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Office of Communications (202) 565-3206

WASHINGTON – The 2020 G12 Heads of Export Credit Agencies (ECAs) issued the following statement:  

“The 2020 G12 Heads of Export Credit Agencies (ECA) Meeting was a productive and open exchange that highlighted efforts aimed at stabilizing the availability of working capital and export credit in a volatile international market environment.  The transparent discussion brought forth the important work each ECA is undertaking to mitigate the economic impacts of the COVID-19 pandemic. The ECA leaders reiterated their steadfast commitment to supporting their global supply chains—domestically and internationally—as well as promoting exports, job security, and financial investment, all of which underpin prosperity at home and abroad.”

G12 Heads of Export Credit Agencies

Grid of G12 Participant portraits, descriptions are listed below

Top Row (l-r):
Brazil – Mr. Carlos Pio, Executive Director, Board of Foreign Trade and Investments,Ministry of the Economy (CAMEX)
Canada – Ms. Mairead Lavery, President and Chief Executive Officer, Export Development Canada (EDC)
China – Mr. Hui ZHANG, Vice President, China Export and Credit Insurance Corporation (Sinosure)

2nd Row (l-r):
France – Mr. Gabriel Cumenge, Deputy Assistant Secretary, Export Finance, Ministère de L'économie et Des Finances/DG Tresor (Ministry of Economy and Finance and Recovery)
Germany – Dr. Christoph Herfarth, Head of Export Financing and Export Credit Guarantees, FederalMinistry for Economic Affairs and Energy (BMWi)
India – Mr. M. Senthilnathan, Chairman‐cum‐Managing Director, Export Credit Guarantee Corporation ofIndia Limited (ECGC Limited)

3rd Row (l-r):
Italy Ms. Michal Ron, Chief International Officer, Servizi Assicurativi del Commercio Estero (SACE S.p.A.)
Japan – Mr. Atsuo Kuroda, Chairman and CEO, Nippon Export and Investment Insurance (NEXI)
Republic of Korea – Mr. Inho Lee, Chairman and President, Korea Trade Insurance Corporation (K‐SURE)

Bottom Row:
Russia – Mr. Nikita Gusakov, CEO, Export Credit and Investment Insurance Russia (EXIAR) and Senior Vice President, REC Group
United Kingdom – Mr. Louis Taylor, Chief Executive and Accounting Officer, United Kingdom Export Finance (UKEF)
United States – Ms. Kimberly Reed, President and Chairman of the Board, Export‐Import Bank of the United States (EXIM)


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