UTC Overseas issued an award to Lauren Wilk, director of the National Association of Manufacturing, for her leadership role in restoring the functionality of the U.S. Export-Import Bank.
The embattled bank has faced tough political opposition in recent years and action by the Senate to halt or limit its operations. Wilk’s role in the NAM’s Exporters for EXIM Coalition helped to bring greater awareness to the benefits of the Ex-Im Bank for breakbulk operators and to drive a turnaround in support at the Senate level, according to UTC.
“We were proud to work with her, NAM and the coalition to get the project cargo industry to reach out to their elected representatives and let them know how important the Bank’s work is to our industry and to the American economy,” said Marco Poisler, UTC Overseas’ executive vice president.
Ex-Im Bank acts as the official export credit agency of the U.S. government and had been criticized by U.S. Senate republicans. More recently, the Trump administration signaled a more positive outlook and submitted nominations to fill all vacancies on the organization’s board. With not enough board members to comprise a quorum, the bank has been limited to approving deals of less than US$10 million.
Breakbulk Issue 5 includes coverage of the Ex-Im Bank (“Scuttled Deals, Somber Supply Chains). The digital edition is available here.
Photo: UTC presenting Lauren Wilk with the EXIM Award. Credit: UTC