FOR IMMEDIATE RELEASE February 20, 2020
Office of Communications (202) 565-3201
Washington, D.C. – President and Chairman of the Export-Import Bank of the United States (EXIM) Kimberly A. Reed met today with U.S. Ambassador to Angola Nina Maria Fite to discuss how EXIM can help American businesses export their “Made in the U.S.A.” goods and services to Angola.
During the meeting, Chairman Reed and Ambassador Fite discussed how EXIM, which has a congressional mandate to support projects throughout sub-Saharan Africa, can advance projects in Angola and advocate the Trump Administration’s Prosper Africa initiative. They also reviewed EXIM’s historic seven-year reauthorization. The meeting followed Secretary of State Mike Pompeo’s recent visit to Angola where he highlighted the U.S. commitment to Angola and noted the Memorandum of Understanding (MOU) between EXIM and Angola.
In April 2019, EXIM signed a $4 billion MOU with the Angola Ministry of Finance to increase trade of goods and services between the United States and Angola. Sectors for business development include energy, oil and gas development, infrastructure, railway and road transportation, supply chain infrastructure, environmental projects, agriculture, healthcare, water and sanitation, and telecommunications.
In further support of the Trump Administration’s Prosper Africa initiative, Chairman Reed participated in a roundtable discussion last September that included Angola’s Minister of Finance, which was held in conjunction with the United Nations General Assembly (UNGA) and highlighted how EXIM support for American exports creates economic growth and prosperity in both the United States and Africa.
EXIM President and Chairman Kimberly A. Reed met today with U.S. Ambassador to Angola Nina Maria Fite
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. 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.