FOR IMMEDIATE RELEASE March 6, 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 Argentina’s Ambassador to the United States Jorge Argüello to discuss how EXIM can help American businesses export their ‘Made in the U.S.A.’ goods and services to Argentina.
During the meeting, Chairman Reed and Ambassador Argüello discussed how EXIM can support the Trump Administration’s América Crece initiative, which is a whole-of-government approach to enabling private-sector investment in energy and infrastructure in the Americas. Chairman Reed and Ambassador Argüello also discussed how EXIM’s financial products and services can facilitate U.S. exports to Argentina, and EXIM’s historic seven-year reauthorization, which directs EXIM to establish a new “Program on China and Transformational Exports” to advance the comparative leadership of the United States through direct exports to countries around the world in the following key areas:
- artificial intelligence;
- biomedical sciences;
- wireless communications equipment (including 5G or subsequent wireless technologies);
- quantum computing;
- renewable energy, energy efficiency, and energy storage;
- semiconductor and semiconductor machinery manufacturing;
- emerging financial technologies, including technologies that facilitate (a) financial inclusion through increased access to capital and financial services, (b) data security and privacy, (c) payments, the transfer of funds, and associated messaging services and (d) efforts to combat money laundering and the financing of terrorism;
- water treatment and sanitation, including technologies and infrastructure to reduce contaminants and improve water quality;
- high performance computing; and
- associated services necessary for use of any of the foregoing exports
EXIM President and Chairman Kimberly A. Reed met today with the Ambassador from Argentina Jorge Argüello
In February, the EXIM Board of Directors unanimously approved an $18.4 million loan guarantee for the export of U.S. goods and services used in development of the Vaca Muerta Formation in Argentina.
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.