FOR IMMEDIATE RELEASE November 20, 2020
Office of Communications (202-565-3207)
HANOI – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed spoke today by phone with Romanian Minister of Foreign Affairs Bogdan Aurescu. The call occurred immediately following National Security Advisor Ambassador Robert O’Brien’s conversation with Minister Aurescu that focused, in part, on economic growth in Romania.
Chairman Reed and Minister Aurescu discussed the role of the EXIM in supporting U.S. exports to Romania, the Cernovoda nuclear power plant and railway projects, and growth-generating potential of the Three Seas Initiative. They also discussed the new Memorandum of Understanding (MOU) signed by Chairman Reed and Romania Minister for Economy, Energy and Business Climate Virgil-Daniel Popescu on October 9, 2020, at EXIM’s headquarters in Washington, D.C.
Under the MOU, which is aimed at enhancing trade and economic opportunities between the two countries, EXIM and Romania agreed to explore and identify options potentially to use EXIM financing in a total aggregate amount of up to $7 billion, and to identify areas to work together to promote business development opportunities, particularly in the energy and infrastructure industries. United States Ambassador to Romania Adrian Zuckerman also participated in the MOU signing ceremony.
Chairman Reed is traveling currently with Ambassador O’Brien as part of a U.S. delegation visit to Southeast Asia to advance economic growth and national security cooperation in the region.
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.