Joins Peers from Canada, France, Spain, and Denmark for Discussion on Global Export Credit Agencies
WASHINGTON: Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today appeared on a pre-recorded panel, moderated by the Managing Director and Co-Founder of TXF Dan Sheriff, along with four other Export Credit Agency (ECA) heads to discuss the global export market. The panel was aired to more than 1,600 registrants as part of TXF’s annual conference “TXF Global 2020: Export, Agency & Project Finance.”
Also joining the panel were:
Chairman Reed underscored EXIM’s commitment to supporting U.S. businesses as they face challenges from the COVID-19 pandemic. She also discussed EXIM’s new Program on China and Transformational Exports, established in EXIM’s historic 7-year reauthorization, which is intended to help level the playing field for U.S. exporters and workers by directly neutralizing export subsidies for competing goods and services offered by the People’s Republic of China.
“The COVID-19 pandemic has drastically affected the global export market, and I appreciate the discussion with my counterparts around the world on measures to ensure liquidity relief for our customers during this challenging time,” said Chairman Reed. “I am committed to working to ensure a level playing field for American exporters, while also seeking to gradually reduce the global reliance on export credit agencies.”
EXIM was one of the first ECAs to implement emergency measures in response to COVID-19. EXIM’s temporary COVID-19 relief measures include waivers, deadline extensions, streamlined processing, and flexibility for its working capital loan guarantee and export credit insurance programs. EXIM’s Board of Directors also unanimously adopted a resolution affirming support of additional temporary relief measures including bridge financing, progress delivery payment financing, supply chain finance guarantees, and working capital guarantee expansions.
TXF provides news, analysis, and events specialized in trade, export, and commodity finance.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
Canon launches brand new revolutionary full-frame mirrorless cameras EOS R5 & EOS R6 in India
Aditi Nayar, Principal Economists, ICRA Comments on IIP data
Swaroop Agrochemical Industries awarded PATENT by Government of India for their Product ‘AEGIS’
Praj strides into the next frontier of Bioeconomy
SBA Provided $20 Billion to Small Businesses and Non-Profits Through the Economic Injury Disaster Loan Advance Program
2014 The Global Indian New Network (TGINN)