Export-Import Bank of the United States Board of Directors Approves Nearly $47 Million Transaction to Côte d'Ivoire
Washington, DC – The Export-Import Bank of the United States’ (EXIM) Board of Directors today approved a transaction to export technology to digitalize the Côte d'Ivoire’s Ministry of Finance and Industry.
Cybastion Institute of Technology, LLC, headquartered in Washington, DC, in conjunction with prospective suppliers such as Cisco, Amazon Web Services (AWS), Motorola Solutions, and Microsoft, is set to undertake the digitalization of the Ministry of Commerce and Industry.
EXIM’s support for this transaction through its China and Transformational Export Program will counter competition from the People’s Republic of China (PRC), specifically in the technology sector.
“Supporting the digitization of Côte d'Ivoire’s Ministry of Finance reinforces EXIM’s commitment to countering the rise of PRC influence,” said Acting President and Chairman James Cruse. “By approving today’s transaction, we are supporting around 100 jobs and countering the PRC by fortifying and securing our supply chains.”
This transaction is expected to support approximately 100 jobs across the United States.
ABOUT EXIM:
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. Learn more at www.exim.gov.
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