Agreement Enhances Economic Cooperation and Bilateral Relationship Between the United States and Poland
FOR IMMEDIATE RELEASE December 15, 2020
Office of Communications (202-565-3203)
WARSAW, Poland — The Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed and Republic of Poland’s Minister of Climate and Environment Michał Kurtyka signed a memorandum of understanding (MOU) to promote United States energy investment in Poland and enhance the strong alliance and trading relationship between the two countries. The MOU was signed during a ceremony on Friday evening at the Ministry of Climate and Environment (MCE) headquarters in Warsaw.
Poland’s Minister of Climate and Environment Michał Kurtyka and EXIM Chairman Kimberly Reed
Under the MOU, EXIM and MCE agree to explore and identify potential opportunities for EXIM financing and work together to promote business development opportunities related to strategic energy projects and programs. The agreement includes, but is not limited to, support for projects in nuclear energy, in particular in support of strategic projects under Poland’s Nuclear Power Program; low- and zero-emission technologies; clean energy innovation; and critical energy infrastructure, including cybersecurity solutions.
“While in Warsaw, I had a very productive discussion with Minister Kurtyka and am excited to announce this memorandum of understanding with Poland’s Ministry of Climate and Environment. EXIM is committed to enhancing the economic cooperation between our two countries, and the MOU will affirm our commitment to strategic energy projects in Poland, including nuclear and clean energy innovation projects, that could be supported with U.S. goods and services,” said Chairman Reed. “As Ambassador Georgette Mosbacher says, ‘the United States is back in the nuclear business,’ and EXIM and MCE intend to work together to promote investment and business development opportunities in strategic energy sectors, leading to potential benefits for U.S. and Polish workers and businesses.”
“Congratulations to EXIM and the Ministry of Climate and Environment on this historic Memorandum of Understanding! This MOU will build on long-time partnership between the United States and Poland - and promote crucial business opportunities in industries like nuclear and clean energy,” said U.S. Ambassador to Poland Georgette Mosbacher.
“This signed memorandum is another step towards tightening cooperation between Poland and the United States and building a new zero-emission energy system in Poland,” said Polish Minister of Climate and Environment Michał Kurtyka.
The MOU is an outcome of Chairman Reed’s trip to Poland focused on strengthening the U.S.-Polish relationship through the export of U.S. goods and services, during which she met with Ambassador Mosbacher, as well as Piotr Naimski, Secretary of State in the Chancellery of the Prime Minister of Poland and Government Plenipotentiary for Strategic Energy Infrastructure, and Dr. Piotr Dziadzio, Ministry of Climate Nuclear Energy Department Under Secretary. In November, Chairman Reed and Minister Naimski participated in a virtual panel discussion about clean energy innovation.
Chairman Reed also signed a separate MOU last week with Bank Gospodarstwa Krajowego (BGK), the official export credit provider of the Republic of Poland, aimed at promoting economic cooperation between the two agencies.
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.