Updates from EXIM, May 6, 2020

Updates from EXIM, May 6, 2020

Republication

https://www.exim.gov/

external@exim.gov.

EXIM Increases U.S. Exporter Access to Capital and Supply Chain Financing During COVID-19
 
As part of its ongoing effort to support U.S. exporters affected by the pandemic, EXIM raised its Supply Chain Finance Program (SCF) and Working Capital Guarantee Program (WCGP) guarantee coverage option to 95 percent, up from the standard 90 percent. This increase is effective through April 30, 2021. The WCGP was implemented in the 1980s and is currently active with 49 DA lenders. EXIM has participated in many discussions with these lenders over the past two months in order to better understand the needs of exporters, which led to making the program more flexible for borrowers.

Round-Up of EXIM Relief Measures, Extended Through May 31st:
 
EXIM remains committed to helping exporters. Here are fact sheets on our various relief measures:

• EXIM Response to Scarce COVID-19-related Medical Supplies (Apr 14, 2020)
• EXIM Extends Assistance to U.S. Customers and Lenders Amid COVID-19 (Apr 10, 2020)
• EXIM Establishes Temporary Bridge Financing Program (March 25, 2020)
• EXIM Temporarily Expands Pre-Export Payment Program (March 25, 2020)
• EXIM Temporarily Expands Supply Chain Financing Guarantee Program (March 25, 2020)
• EXIM Temporarily Expands Working Capital Guarantee Program (March 25, 2020)