EXIM Staff Travels to Serbia to Advance Historic Kosovo-Serbia Agreement to Pursue Economic Normalization
WASHINGTON - Export-Import Bank of the United States (EXIM) Chief of Staff David Fogel joined an interagency U.S. delegation for a bilateral meeting led by U.S. International Development Finance Corporation (DFC) CEO Adam Boehler and Special Advisor to the President on Serbia-Kosovo Ambassador Richard Grenell with Serbia President Aleksandar Vucic, Prime Minister Ana Brnabic, and other cabinet officials to discuss implementation of a recent economic normalization agreement between Serbia and Kosovo. Fogel also joined other senior members of the U.S. delegation in attending a head of state dinner with President Vucic and Prime Minister Brnabic.
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, including those being discussed as part of the economic normalization agreement.
Other U.S. delegation participants included USAID Deputy Administrator Bonnie Glick, and other senior government officials from the U.S. Departments of Energy and Commerce.
Earlier in the day, EXIM Chief Banking Officer Stephen Renna and Fogel participated in a roundtable discussion with business leaders in Serbia, and EXIM Senior Vice President for External Engagement Luke Lindberg participated in a luncheon hosted by AmCham Serbia.
Last week, EXIM and DFC signed a Letter of Interest with Serbia in support of The Peace Highway, a project that is key to promoting economic cooperation between Serbia and Kosovo.
On September 5, 2020, EXIM President and Chairman Kimberly A. Reed issued a statement regarding President Trump's announcement that Serbia and Kosovo committed to economic normalization.
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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.
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