During First of Three Country Visits in Indo-Pacific Region, EXIM Chairman Reed Secures an Agreement with Minister Luhut to Sign $750 Million MOU in Support of Industries Including Energy, Wireless Communication, Healthcare, and Broadcasting
FOR IMMEDIATE RELEASE October 25, 2020
Office of Communications (202-565-3207)
JAKARTA – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today concluded economic discussions in Jakarta, Indonesia as part of a U.S. delegation visit to three countries in the Indo-Pacific region.
The delegation is being led by U.S. International Development Finance Corporation (DFC) CEO Adam Boehler and includes senior government officials from the U.S. Departments of Commerce, Energy, State, and Treasury. Senior Vice President Luke Lindberg also is representing EXIM.
During the visit, Chairman Reed met with the Republic of Indonesia Coordinating Minister for Maritime and Investment Affairs Luhut B. Pandjaitan, where the two indicated their mutual support for a $750 million Memorandum of Understanding (MOU) between EXIM and the Republic of Indonesia in order to promote investment in Indonesia and enhance the strong alliance and trading relationship between the two countries, with a particular focus on key industries such as infrastructure, railway and road transportation, energy, communications technology, broadcasting, and healthcare. She also spoke with Minister of Communications and Informatics Johnny Plate and Minister of State-Owned Enterprises Erick Thohir, as well as Minister of National Development Planning (BAPPENAS) Suharto Monoarfa by phone.
“Indonesia is the largest economy in Southeast Asia, and an important economic partner for the United States in the Indo-Pacific region,” said Chairman Reed. “EXIM is committed to increasing economic engagement in Southeast Asia, supporting jobs in the United States and strengthening the economies of the United States and Indonesia. The $750 million Memorandum of Understanding that will be signed in the near future indicates EXIM’s intent to work with the Republic of Indonesia to promote investment and business development opportunities in key transformational industries, leading to potential benefits for U.S. and Indonesian workers and businesses.”
(L-R) Indonesia Minister of Communications and Informatics Johnny Plate, Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan, EXIM Chairman Kimberly Reed, Special Staff to Minister Luhut Cherie Nursalim, and Minister of State-Owned Enterprises Erick Thohir
During the visit, the U.S. delegation also participated in an Entrepreneurship Roundtable with the Indonesian Chamber of Commerce and Industry (KADIN) focusing on areas of economic opportunity, and meetings with the Bank of Indonesia, Indonesian ICT Society, Ministries of Communications and Informatics, Finance, BAPPENAS, and private sector.
The U.S. delegation next will visit Hanoi, Vietnam, followed by Naypyitaw, Myanmar, as part of their continued economic and trade engagement in the 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.