FOR IMMEDIATE RELEASE September 25, 2020
Office of Communications (202) 565-3207
WASHINGTON – Export-Import Bank of the United States (EXIM) Chief of Staff David Fogel joined an interagency U.S. delegation for a bilateral meeting in Morocco led by U.S. International Development Finance Corporation (DFC) CEO Adam Boehler with Minister of Trade, Industry, and Commerce Moulay Hafid Elalamy. EXIM Senior Vice President for External Engagement Luke Lindberg also participated in the delegation and met with local business leaders in Rabat.
During the meetings, Fogel underscored EXIM’s commitment to supporting U.S. exports to the region. EXIM works closely with DFC, the U.S. Agency for International Development (USAID), and other government agencies to support U.S. investment and economic development in the region through trade financing solutions.
Other delegation participants included USAID Deputy Administrator Bonnie Glick, and other senior government officials from the U.S. Departments of Energy and Commerce.
Earlier this week, Chairman Reed underscored her commitment to U.S.-Africa trade in remarks to a Corporate Council on Africa event held in conjunction with the United Nations General Assembly (UNGA) meetings. EXIM Director for Africa Rick Angiuoni also spoke at the Corporate Council on Africa event in a session titled “Partnering for Economic Recovery – Morocco.”
In March, EXIM President and Chairman Kimberly A. Reed met with U.S. Ambassador to Morocco David T. Fischer to discuss how EXIM can help more American businesses export their goods and services to Morocco.
EXIM also supports Prosper Africa, the Trump Administration’s whole-of-government approach to increase trade and investment between the United States and Africa.
U.S. delegation meets with Morocco Minister of Trade, Industry, and Commerce Moulay Hafid Elalamy.
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.