May 28, 2020/US EXIM
The Export-Import Bank of the United States (EXIM) recently extended several relief measures for U.S. exporters and financial institutions affected by the COVID-19 pandemic through August 31, 2020. Initial relief measures, which include waivers, deadline extensions, streamlined processing, and flexibility were announced on March 12 for an initial period of 30 days, and later extended through May 31, 2020.
“EXIM is committed to supporting our great U.S. businesses and workers during this time of economic reopening of the country,” said EXIM President and Chairman Kimberly A. Reed. “By extending these relief measures, we are ensuring U.S. exporters have the tools necessary to succeed, without worrying about meeting EXIM deadlines. I encourage companies experiencing payment issues or difficulty accessing liquidity to reach out to EXIM.”
EXIM’s Board of Directors announced additional temporary relief measures on March 25 that remain in effect until April 30, 2021. Information on the extended relief measures can be found on a fact sheet online, and more information on EXIM’s COVID-19 response can be found here.