Message from the Chairman Fred P. Hochberg:
At the end of June—amid continued global market uncertainty and Brexit--EXIM Bank released its annual Competitiveness Report. Mandated by Congress, the 2015 report illustrates the global competitive landscape of government-supported export finance, and places EXIM’s performance in a global context.
This year, the report reveals that EXIM medium- and long-term financing for American exporters declined more than 50 percent. This was largely due to the lapse in authority that EXIM experienced from June 30-December 4, 2015.
Today, with global competition increasing and growth rates slowing, the report found that there was a slight decline in overall export credit support by governments. The response: EXIM’s competitors became more and more versatile and aggressive in support of their exporters, while EXIM support for American exporters declined, largely due to the lapse.
In the first three quarters of this year, EXIM authorized more than $4 billion in financing that supported American exports and more than 37,000 jobs that depend on them. . .
Read More (via EXIM Bank)
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