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The Export Import Bank of the United States (EXIM) issued its 2020 annual report highlighting EXIM s
results and priority initiatives in its mission to support American
jobs by facilitating the export of U.S. goods and services. EXIM,
an independent federal governmental agency, is authorized by
Congress until 2026 to maintain $135 billion of credit exposure.
Through direct loans, guarantees, credit insurance, and supply
chain financing support, EXIM finances U.S. exporters and suppliers
that cannot arrange export financing from private sources without
EXIM s credit support. EXIM also provides foreign buyers of
The Export Import Bank of the United States EXIM issued its 2020 annual report highlighting EXIM’s results and priority initiatives in its mission to support American jobs by facilitating the export of U.S. goods and services.
The Export Import Bank of the United States (EXIM) issued its 2020 annual report highlighting EXIM’s results and priority initiatives in its mission to support American jobs by.
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For several years, until May 2019, the Export-Import Bank of the United States (Ex-Im Bank) lacked sufficient directors to field a quorum for approval of any new commitments for transactions other than to approve short-term to medium-term transactions (i.e., those with terms of seven years or less) up to $10 million, which in turn effectively rendered long-term financings of high value equipment impossible. (For additional context, see Holland & Knight s previous alert, President Trump, the Ex-Im Bank and Aircraft Finance, Jan. 20, 2017, for an assessment of the Ex-Im Bank at the start of the Trump Administration.)