FOR IMMEDIATE RELEASE February 27, 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 Egyptian Minister of International Cooperation Rania Al-Mashat to discuss how EXIM can help American businesses export their “Made in the U.S.A.” goods and services to Egypt.
During the meeting, Chairman Reed and Minister Al-Mashat discussed how EXIM can advance projects in Egypt and support the Trump Administration’s Prosper Africa and the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) initiatives. They also reviewed EXIM’s historic seven-year reauthorization.
In October 2019, Chairman Reed met with Egyptian Prime Minister H.E. Moustafa Madbouly in Washington to discuss the mutually shared objective of increasing trade of goods and services between the United States and Egypt.
Chairman Reed meets with Egyptian Minister of International Cooperation Rania Al-Mashat
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.