EXIM Bank US nominations open!
Seeks
to serve Advisory Committee member &
also
at Sub-Saharan Africa Advisory Committee
The
Export-Import Bank of the United States (EXIM) now is accepting nominations of
persons to serve as members of the bank’s 2019 Advisory Committee and the 2019
Sub-Saharan Africa Advisory Committee. The nominations period begins today and
will close on July 24, 2019.
Notices
inviting submissions of nominations for both committees have been published in
the Federal Register. More information, including how to submit nominations, is
available on EXIM’s website at Advisory Committee and Sub-Saharan Africa
Advisory Committee.
Both
advisory committees were established by the U.S. Congress in EXIM’s charter to
provide direct input and advice to EXIM’s board of directors on the bank’s
programs and policies from individuals representing the private sector and
state government. Appointments to the advisory committees require votes by the
board of directors. Due to the lapse of the quorum on EXIM’s board that lasted
from July 2015 until May 2019, the bank was unable to appoint new members to
its advisory committees during that period.
“I
am delighted that EXIM again is able to fulfill our congressional mandate to
engage the private sector and state governments in shaping the bank’s programs
and policies. EXIM welcomes the nominations of individuals representing a wide
range of sectors to serve on our advisory committees. I look forward to working
with the new members who will be appointed by the board.
I’m
certain that they will provide us with invaluable insights and advice on how
best to serve America’s exporters and workers,” said EXIM Chairman Kimberly A.
Reed. EXIM’s Advisory Committee, which is composed of 17 members, advises the
bank on all of its programs and policies, focusing on how EXIM can support
American jobs and provide financing to enable U.S. exports to remain
competitive in global markets.
The
Advisory Committee members represent agriculture, commerce, environment,
finance, labor, production, services, state government, and the textile
industry. At least three members must represent the small business community.
The committee meets quarterly and makes recommendations to enhance the bank’s
service and value to its customers. The Advisory Committee’s yearly report is
contained in EXIM’s annual Report to the U.S. Congress on Global Export Credit
Competition, which is published at the end of June.
EXIM’s
Sub-Saharan Africa Advisory Committee, composed of 11 members, advises the bank
on the use of all of its products—insurance, guarantees, and loans—to expand
its financing commitments for U.S. exports to sub-Saharan Africa. Committee
members represent banking, commerce, and trade finance; at least one member
must represent small business.
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