10/08/2024 | Press release | Distributed by Public on 10/08/2024 11:46
Washington, D.C. - The Export-Import Bank of the United States (EXIM) announced that the agency is extending measures to assist customers, U.S. exporters, and financial institutions located in federal disaster areas declared by the Federal Emergency Management Agency (FEMA), due to the effects of recent and impending weather events.
EXIM's assistance is in accord with the agency's general policy of offering help to customers in all areas of the United States that are declared federal disaster areas by FEMA.
EXIM is offering assistance measures in the areas affected by weather events, including Hurricanes Helene and Milton, to allow businesses and financial institutions that participate in EXIM's programs to return to their business concerns when appropriate and without penalty due to missed deadlines or other timeliness issues.
"All of us at EXIM are committed to supporting our customers and lenders affected by Hurricane Helene, and those who may be affected by impending Hurricane Milton. To reduce the burden of those dealing with these extreme weather events, we are providing flexibilities so that those we serve can focus on staying safe and charting their recovery," said EXIM Chair Reta Jo Lewis.
For a full list of current measures, please see the Fact Sheet. Highlights include:
Working Capital Guarantee Program
Short- and Medium-Term Insurance Programs
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. Learn more at www.exim.gov.
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