Meeting Minutes

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 13, 2020

ITEM NO. 1

Stakeholder presentations regarding the request to renew EXIM's partnership with Private Export Funding Corporation (PEFCO). The foundational legal agreement that governs the EXIM-PEFCO relationship is due for renewal this year. In order to consider this renewal, EXIM is currently conducting a review process with input from a variety of stakeholders to evaluate the possible benefits or costs of EXIM continuing such a relationship with PEFCO.

 

EXIM Staff Presenting (in order of presentation):

1. Jim Cruse, Senior Vice President of the Office of Policy Analysis and International Relations;

2. Ken Tinsley, Senior Vice President and Chief Risk Officer;

3. Lisa Terry, Senior Vice President and Chief Ethics Officer; and

4. Nicole Wharton, Senior Counsel.

 

External Stakeholders Presenting (in order of presentation):

1. Veronique de Rugy, Senior Research Fellow, Mercatus Center;

2. Stacey Facter, Senior Vice President, Bankers Association for Finance and Trade;

3. Patrick Gang, Head of Export and Agency Finance, Bank of America; and

4. Stephen Greene, Chief Operating Officer, American Trade Finance.

 

PEFCO Board Members Presenting:

1. Dick Aldrich, Executive Chairman, PEFCO.

 

PEFCO Staff Presenting (in order of presentation):

1. Tim Dunne, President and Chief Executive Officer, PEFCO;

2. Gordon Hough, Senior Vice President; and

3. Raj Nandkumar, Senior Vice President and Treasurer.

 

For Information Only: No Board Decision Required