{"id":"AGY-FED-FINANCIAL-091","kind":"order","level":"federal","jurisdiction":"United States; Export-Import Bank of the United States (federal export credit agency)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"EXIM Board of Directors","authority":"12 U.S.C. § 635a(c)","instrument":"EXIM Board resolutions of March 25, 2020 establishing four temporary programs (Bridge Financing Program; Pre-Delivery / Pre-Export Financing Program; Supply Chain Financing Guarantee Program expansion; Working Capital Guarantee Program expansion)","title":"EXIM Board Takes United Action in Response to COVID-19 to Support Exporters and Jobs with Unprecedented Measures","dateIssued":"2020-03-25","effective":"2020-03-25 (approved for one year)","end":"Extended by the Board to April 2022 (Ex. 097)","startDate":"2020-03-25","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER","SUPPLY"],"addressees":["U.S. exporters, their suppliers and the commercial lenders financing them"],"clause":"FOR IMMEDIATE RELEASE March 25, 2020... [The EXIM Board of Directors unanimously voted to approve four temporary relief measures:] Bridge Financing Program; Pre-Delivery / Pre-Export Financing Program; Supply Chain Financing Guarantee Program; and Working Capital Guarantee Program [expansions]... Bridge Financing Program [provides temporary EXIM financing where commercial financing has become unavailable].","enforcement":"Program terms under 12 U.S.C. § 635","functions":["BL and trade finance (banks\u0027 supply-chain and working-capital facilities under EXIM guarantee)","SC supply chains of exporters","OP","CB exporters and their suppliers"],"notes":"The federal export credit agency\u0027s finding on March 25, 2020 that private trade finance had withdrawn and that exporters\u0027 supply chains and pre-export production needed federal support; a Q3 2021 instrument by virtue of Ex. 097","sourceUrl":"https://www.exim.gov/news/exim-board-takes-united-action-response-covid-19-support-exporters-and-jobs-unprecedented","snapshot":"http://web.archive.org/web/20200403222924/https://www.exim.gov/news/exim-board-takes-united-action-response-covid-19-support-exporters-and-jobs-unprecedented","fileExists":true,"fileBytes":104744,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-091","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-091","citation":"EXIM Board of Directors, EXIM Board resolutions of March 25, 2020 establishing four temporary programs (Bridge Financing Program; Pre-Delivery / Pre-Export Financing Program; Supply Chain Financing Guarantee Program expansion; Working Capital Guarantee Program expansion) (Mar. 25, 2020) (Ex. AGY-FED-FINANCIAL-091)","stateName":"","related":["AGY-FED-FINANCIAL-092"]}