Export-Import Bank of the United States Board of Directors Approves Nearly $514 Million to Strengthen American Jobs and Global Competitiveness
Washington, DC – Today, the Export-Import Bank of the United States’ (EXIM) Board of Directors approved two transactions totaling nearly $514 million. These transactions will directly support American jobs and strengthen U.S. competitiveness in critical global markets, while countering the growing influence of the People’s Republic of China (PRC).
The first transaction approved today was a $66 million guarantee to support the construction of a national data center in Côte d'Ivoire. The exporter, Cybastion Institute of Technology, LLC, a small business based in Washington, DC, will provide the equipment needed to support the data center. This transaction displaces competition from the PRC and supports a trusted U.S. vendor through EXIM’s China and Transformational Exports Program. This milestone also represents the first data center EXIM has ever supported in sub-Saharan Africa, advancing U.S. technology leadership in a fast-growing region.
The second transaction of the day was a nearly $448 million guarantee to Kazakhstan Temir Zholy (KTZ), the national railway of Kazakhstan, for the procurement of locomotive kits from Pennsylvania-based Wabtec Corporation.
“Today’s approvals underscore EXIM’s commitment to supporting nearly 1,300 quality jobs across the United States—from small business innovators in Washington, DC, to skilled manufacturing workers in Pennsylvania,” said Acting President and Chairman James Cruse. “By backing U.S. companies in strategic sectors like data infrastructure and rail, these transactions strengthen our economic competitiveness, expand American exports, and ensure that American workers—not competitors in China—remain at the forefront of global trade.”
These transactions are estimated to support approximately 1,300 jobs in California, Massachusetts, North Carolina, New York, Ohio, Pennsylvania, and Texas.
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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