WASHINGTON, Dec. 19, 2013 /PRNewswire-USNewswire/ -- Today the Export-Import Bank of the United States (Ex-Im Bank) unveiled a new blog by Ex-Im Bank Chairman Fred P. Hochberg. Titled "Fred's Thread," the new blog will provide readers with the latest information on Ex-Im Bank and trade finance trends.
"My plan is to share news about Ex-Im Bank and stories from American exporters across the country," said Chairman Hochberg. "I hope this new online platform provides readers with useful information as they learn how exports boost our economy, create U.S. jobs, and help small and medium-sized businesses succeed in international markets."
Please click here to read the first posting from Fred's Thread.
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working-capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of operations.
In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions-- or 89 percent--for small-businesses. For more information, visit www.exim.gov.
SOURCE Export-Import Bank of the United States