US Lending Agency Provides Relief for Exporters Hit by Pandemic

Cranes stand above shipping containers at the Port of Los Angeles, which is the nation's busiest container port in Terminal Island, Calif., on March 6, 2020. Mario Tama/Getty Images

WASHINGTON—The U.S. export credit agency is providing relief measures for American exporters that face payment and liquidity issues caused by the COVID-19 pandemic.

Exporters have taken a significant hit by a slowdown in global trade caused by the CCP virus, commonly known as the novel coronavirus. In response, the U.S. Export-Import Bank (Exim) has stepped up its programs to help companies that face shipment problems, payment difficulties, liquidity problems, or other business interruptions.