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WASHINGTON – The 2021-2022 Advisory Committee of the Export-Import Bank of the United States (EXIM) met yesterday to discuss the final recommendations that the Committee and three Subcommittees will put forward as part of EXIM’s June 2022 Report to the U.S. Congress on Global Export Credit Competition. The Report covers competitiveness data and feedback from exporters and lenders from Calendar Year 2021.

Advisory Committee Chair, former Senator Heidi Heitkamp, led the meeting, with remarks from EXIM President and Chair Reta Jo Lewis, First Vice President and Vice Chair Judith Pryor and Director and former Congressman Spencer Bachus. The Board members all expressed their gratitude for the work of this year’s committees and reaffirmed the new Board’s commitment to competitiveness and modernization.

Following opening comments from EXIM’s Board members, EXIM senior staff briefed the group on key themes from this year’s Competitiveness Report, which included ongoing impacts of COVID-19, waning medium- and long-term export credit support in the face of steady medium- and long-term non-export credit support, declining Chinese financing activity, evolving a level playing field through OECD modernization, a continued focus on climate finance, export credit agencies realizing first mover advantages, and further integration of export credit into national economic strategies.

The Advisory Committee then heard recommendations offered from the chairs and leaders of the Council on Climate, the Council on China Competition, and the Subcommittee on Whole of Government Collaboration. Committee leaders emphasized that with new Board leadership in place and bipartisan support for this new chapter at the agency, there is a critical opportunity to advance key modernization efforts that will strengthen America’s competitiveness and economic security.

Finally, the Committee reviewed its Competitiveness Report statement and provided final comments before adjourning.

EXIM’s Advisory Committee advises the agency on its policies and programs, in particular on the extent to which EXIM provides competitive financing to support American jobs through exports. The committee provides guidance from various sectors of the economy to strengthen support of U.S. exports. Comprised of 17 members and appointed by the Board of Directors, the Committee includes representatives of environment, production, commerce, finance, agriculture, labor, services, state government, and the textile industry.

ABOUT EXIM:

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.