On June 20, President Trump tapped Kimberly Reed, a former Treasury official to lead the U.S. Export-Import Bank, the next step forward in the years-long fight to revive the bank.
Tag Archive: Export-Import Bank of the United States (Ex-Im)
According to the White House, Deputy U.S. Trade Representative (USTR) Jeffrey Gerrish will be named Acting President of the Export-Import Bank of the U.S. (Ex-Im) while maintaining his position at the USTR office.
On Jan. 4, Ex-Im Bank released its FY 2016 Annual Report highlighting its support of more than $8 billion in U.S. exports and an estimated 52,000 U.S. jobs.
Despite its four-year renewal, the Export-Import Bank of the U.S. is still facing some issues, namely the absence of the required three-board-member quorum to approve insurance, loans or guarantees above $10 million.
Last week, Ex-Im Bank released its 2015 Annual Report, highlighting its $12.4 billion in total authorizations which supported more than $17 billion in U.S. exports.