Agreement Expresses Intent to Facilitate Procurement of U.S. Goods and Services for Ukrainian Infrastructure Projects and Key Sectors
FOR IMMEDIATE RELEASE September 1, 2021
Office of Communications (202) 565-3204
WASHINGTON – Export-Import Bank of the United States (EXIM) Acting President and Chairman James Burrows and Deputy Vice Prime Minister of Ukraine and Minister of Economy of Ukraine Oleksiy Lyubchenko signed a Memorandum of Understanding (MOU) between EXIM and the government of Ukraine aimed at enhancing trade and economic cooperation between the two countries.
The signing took place on August 30 at EXIM headquarters in Washington, D.C., following discussions between EXIM and Ukrainian government officials regarding strengthening the economic relationship between the United States and Ukraine through important export and import sectors.
Under the MOU, EXIM and Ukraine’s Ministry of Economy agreed to mutual communication regarding opportunities to facilitate procurement of U.S. goods and services by the Ukraine government for projects that include but are not limited to infrastructure such as transportation, safety and security, and healthcare. Cooperation is also anticipated in other key sectors such as agriculture, climate, energy, and digital economy.
“EXIM is pleased to sign this understanding with Ukraine’s Ministry of Economy to advance the trade and economic goals of both of our countries,” said Acting EXIM President and Chairman Burrows. “We believe in the mutual economic benefits of developing Ukraine’s infrastructure and other sectors, and American companies provide some of the best, most competitive products in the world to further that goal.”
EXIM-supported financing is subject to the agency’s due diligence and approval process for each individual transaction, and any transaction must comply with EXIM’s requirements, policies, and procedures as well as the requirements set forth in the Arrangement on Officially Supported Export Credit of the Organisation for Economic Cooperation and Development (OECD).
EXIM has a long history of supporting U.S. exports to Ukraine, including purchases of U.S.-manufactured agricultural equipment since the 1990s.
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.