AFP via Getty Images) said in an exclusive interview on Electric Ladies Podcast recently. It is also a key lesson of the pandemic economic crisis.
She would know, because she has been in international business for about 30 years. Before being appointed to the EXIM Bank leadership, she had a long career in the telecommunications - satellites sector, and then spent many years at what is now the US International Development Finance Corporation .EXIM Bank, a small, 90-year old agency founded by President Franklin D. Roosevelt, is one of various government levers fostering cross-border collaboration for U.S.
Statistica reports that, as of 2021, exports are 10% of the U.S. economy, about $3 trillion, and imports are about 4.5% of the U.S. economy.International deals can be risky, complicated, and lucrative. They can evolve either from networking or from deliberating seeking them out. Entrepreneurs might meet someone who needs their product at a conference, for example, or, they can identify key markets for their product in other countries.The U.S.
“That's exactly how EXIM can step in and help a short-term exporter, 30, 60, 90 days usually, protect them and take the risk out of exporting for them. So, that's just an example for a small business of how we can be very useful. And we do thousands and thousands of these transactions every year.”EXIM Bank can help structure the export deal, secure the financing and at competitive rates, and facilitate the payments. “We provide foreign buyers with the ability to purchase U.S.