EXIM Bank Quarter in Review - Fall 2016

Export-Import Bank of the United States sent this bulletin at 11/16/2016 2:20 PM EST

Message from the Chairman Fred P. Hochberg:

During my time as the longest-serving Chairman of EXIM Bank, I have visited hundreds of businesses across our country, meeting with American workers and business leaders who power our economy. The EXIM team is well-prepared for the presidential transition that puts these customers and American workers first. As I reflect on the end of the Obama Administration, I rest assured knowing that for more than 80 years, the Export-Import Bank has stood behind America’s exporters, leveling the playing field and bringing distant opportunities within reach.
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This fiscal year, however, ended with a whimper-not a bang-for exporters. With only nine months of operation at less than full power, in FY 2016, EXIM authorized $5 billion in financing, supporting 52,000 well-paying American jobs. In the process, the EXIM generated $284 million for taxpayers. By comparison, in 2014-EXIM’s last fully functional year-the Bank authorized more than $20 billion in financing, supported nearly 165,000 American jobs, and generated $675 million for taxpayers. During the Obama Administration up to this point, EXIM has supported nearly $240 billion in U.S. exports, supported 1.5 million American jobs, and generated more than $3.4 billion for taxpayers...

Read More (via EXIM Bank)

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World Trade Center of Greater Philadelphia is an EXIM Regional Export Promotion Program Partner
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