A Turning Point for the EXIM Bank
The U.S. Export-Import Bank (EXIM) is among the most impactful
government agencies when it comes to helping U.S. companies compete
for business internationally, finance domestic manufacturing, and
build resilient supply chains. Up until 2019, EXIM policies and
products were little changed despite the U.S. economy evolving
dramatically away from traditional manufacturing to a technology
and services-dominated economy. As a result, EXIM users are calling
for EXIM to be more relevant and adaptable to our 21st-century
economy. Lawmakers are hearing these calls and becoming more
receptive to EXIM reform.
For example, in 2019, Congress gave EXIM a mandate to bolster
U.S. company competitiveness concerning China. EXIM users
applauded. More reforms are under consideration in Washington.
