The Export-Import Bank of the United States (EXIM) Board of Directors on Tuesday, approved new measures to ensure the country has medical supplies and equipment available to Americans.
The decision to combat and prevent the spread of the COVID-19 pandemic was taken during an open board meeting with the public via teleconference.
The resolution suspends EXIM coverage or financing any exports of critically needed personal protective equipment (PPE) and other supplies.
The board considered items identified by President Donald Trump, Department of Health and Human Service (HHS), Department of Homeland Security, Federal Emergency Management Agency and other U.S. Government agencies as being scarce.
They include masks, gloves, respirators, Tyvek suits, face shields and similar protective wear.
“The urgency of combatting the COVID-19 pandemic requires a whole-of-government approach to protect the American people,” said EXIM President and Chairman Kimberly A. Reed.
“The steps we are taking here will help ensure EXIM is doing its part to stem the horrific effects of coronavirus here in the United States.”
“While these necessary restrictions focused on COVID medical supplies proceed, EXIM remains open for business to support the export of other important ‘Made in the U.S.A.’ health care products.”
EXIM Board Member, Spencer Bachus said, “While EXIM remains committed to our mission of supporting U.S. jobs through exports, the health and safety of the American people is our number one priority,”
“These steps will work to ensure that Americans have the medical supplies and equipment needed during this challenging time.”
The measures will remain in place through September 30, 2020 unless the EXIM Board votes to terminate them earlier.
Meanwhile, China has approved early-stage human tests for two experimental coronavirus vaccines.
