Chairman Reed Highlights EXIM’s COVID-19 Relief Measures, China Program at TXF Global 2020 Panel

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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:

  • Kirstine Damkjaer – CEO, EKF, Denmark
  • Francois Lefebvre – General Manager, Bpifrance, France
  • Mairead Lavery – President and CEO, EDC, Canada
  • Fernando Salazar – Chairman and CEO, CESCE, Spain

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.

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