AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
On April 14, 2020 the Export-Import Bank of the United States approved a resolution to temporarily exclude from the bank’s coverage or financing any exports of personal protective equipment (PPE) and other medical supplies and equipment. The resolution approved by the Board of Directors is focused on items identified by other agencies — namely the president of the United States, the Department of Health and Human Services, the Department of Homeland Security, and the Federal Emergency Management Agency — as being in scarce supply, such as respirators, masks, gloves, Tyvek suits, face shields and similar protective wear. EXIM President and Chairman Kimberly A. Reed acknowledged that “medical equipment exports has constituted a relatively small portion of EXIM’s overall financing portfolio,” representing “less than one percent.”
While the decision was identified as temporary, no specific end date was named.
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