EXIM renews supply chain finance guarantee program

The US Export-Import Bank (EXIM) has approved the renewal of a 90% guarantee of a $180 million purchase facility under EXIM’s Supply Chain Finance Guarantee Program. The transaction will support aircraft engines sales from CFM International to Boeing for use in exports. EXIM estimates that the renewal of the facility will support $353 million in export sales and 600 American jobs. “One of EXIM’s primary roles is to fill gaps in private-sector financing in support of U.S. exports. Throughout the pandemic, EXIM has fulfilled that mission by helping to ensure that American manufacturing jobs remain secure while the world navigates