Releases Joint Statements with Qatar Investment Authority and Qatar Development Bank, Underscoring Mutual Commitment to Furthering Economic Development and Prosperity
FOR IMMEDIATE RELEASE January 4, 2021
Office of Communications (202-565-3207)
DOHA – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed yesterday concluded a two-day visit to Qatar focused on strengthening the U.S.-Qatari relationship through a mutual commitment to economic development and prosperity in the United States, Qatar, regionally, and around the world. During her visit, EXIM released joint statements with the Qatar Investment Authority and Qatar Development Bank underscoring this commitment.
Joining Chairman Reed in Qatar were National Security Council Director for the Arabian Peninsula Jordan Evert, EXIM Vice President, Economic Security and Operations, Program on China and Transformational Exports Brad McKinney, EXIM White House Fellow Travis Thul, and EXIM Press Secretary Kelsey Koberg. U.S. Embassy in Qatar Chargé d'Affaires Ambassador Greta C. Holtz and Political Officer Glenn Rudolph also participated.
EXIM Chairman Kimberly Reed and Qatar Minister of Commerce and Industry and Qatar Development Bank Chairman Ali bin Ahmed Al Kuwari
Qatar Investment Authority CEO Mansoor Bin Ebrahim Al-Mahmoud and EXIM Chairman Kimberly Reed
“EXIM is committed to partnering with Qatar to promote economic growth and prosperity, and I thank my counterparts and other the high-level officials for our very productive discussions in Doha,” said Chairman Reed. “The joint statements released with the Qatar Investment Authority and Qatar Development Bank underscore a commitment to furthering U.S. exports in critical sectors like energy, 5G, semiconductors, and infrastructure, strengthening our commercial partnership and advancing regional economic development and stability.”
During her visit, Chairman Reed met with Minister of Commerce and Industry and Chairman of the Qatar Development Bank Ali Bin Ahmed Al-Kuwari; Minister of State and Chairman of the Qatar Free Zones Authority Ahmed Al-Sayed; Deputy Director General of the Qatar Fund for Development Misfer Hamad Al-Shahwaani; Special Envoy for Regional Affairs Ali Bin Fahad Al-Hajri; CEO of the Qatar Investment Authority Mansoor Bin Ebrahim Al-Mahmoud; CEO of the Qatar Development Bank Abdulaziz N. Al-Khalifa; and Executive Director of Export Development and Promotion of the Qatar Development Bank Hamad Salem Mejegheer. During her meetings, Chairman Reed underscored how EXIM’s Program on China and Transformational Exports can counter Chinese aggressive economic trade practices in the region and around the world, and promote U.S. exports in ten transformational export sectors.
L-R: Qatar Development Bank CEO Abdulaziz N. Al-Khalifa, EXIM Chairman Kimberly Reed, QDB Executive Director of Export Development and Promotion Hamad Salem Mejegheer
In November, EXIM Senior Vice President for External Engagement and current Chief of Staff Luke Lindberg met with Qatari Special Envoy of the Minister of Foreign Affairs for Regional Affairs Ali Fahad Al-Hajri to discuss how EXIM and Qatar can partner on opportunities of mutual interest around the globe.
Following Chairman Reed’s visit to Qatar, she will visit Oman and Sudan to underscore U.S. commitment to strengthening bilateral partnerships and advancing economic prosperity in the Middle East and North Africa region.
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.
For more information about EXIM, please visit www.exim.gov.