Export-Import Bank of the U.S. Vice Chair Judith Pryor Joins Costa Rica Trade Mission Led by Commerce Secretary Raimondo

Highlights EXIM Financing Tools to Support U.S. Semiconductor Exports
FOR IMMEDIATE RELEASE March 27, 2024
Media Contact Name/Phone
media@exim.gov 202-469-1550

San Jose, Costa Rica – Export-Import Bank of the United States (EXIM) First Vice President and Vice Chair Judith Pryor traveled to Costa Rica last week as part of a U.S. delegation led by U.S. Secretary of Commerce Gina Raimondo and General Laura Richardson, Commander of the U.S. Southern Command to further economic ties between the U.S and Costa Rica. While in San Jose, Vice Chair Pryor met with government officials and private sector representatives to underscore EXIM’s commitment to supporting U.S. exports to Costa Rica, particularly in the semiconductors sector.

“It was an honor to join Secretary Raimondo in Costa Rica to highlight the role EXIM can play in deepening the U.S-Costa Rica commercial relationship,” said Vice Chair Pryor. “EXIM is committed to supporting our Congressionally mandated transformational export areas, including renewable energy exports and semiconductors. Our financing tools can play a key role in supporting U.S. semiconductor exports to Costa Rica and advancing our shared economic and climate goals.”

On Wednesday, Vice Chair Pryor held a series of meetings with representatives from the Costa Rican Railways Institute, Banco Nacional de Costa Rica, and Banco de Costa Rica. During the meetings, Vice Chair Pryor underscored EXIM’s commitment to supporting U.S. businesses looking to export to Costa Rica.

On Thursday, Vice Chair Pryor provided remarks during the Semiconductor Supply Chain Leadership roundtable alongside Secretary Raimondo, Costa Rican Foreign Trade Minister Manuel Tovar, Innovation, Technology and Telecommunications Minister Paula Bogantes, and private sector representatives. During the roundtable, Vice Chair Pryor spoke about EXIM’s financing flexibilities to support U.S. semiconductor exports under the China and Transformational Exports Program (CTEP) and the Make More in America (MMIA) Initiative. She then attended the Costa Rica National Semiconductor Roadmap Launch event with the U.S. delegation, where President Rodrigo Chaves delivered remarks.

On Friday, Vice Chair Pryor visited the Instituto Nacional de Aprendizaje (INA), where she joined Secretary Raimondo, U.S. Ambassador to Costa Rica Cynthia Telles, and the U.S. delegation for a roundtable discussion with industry partners, followed by a bilateral meeting with President Chaves at Casa Presidencial. The meeting focused on efforts to enhance semiconductor supply chain capacity in the Western Hemisphere. Vice Chair Pryor concluded her visit with a tour of Intel Costa Rica’s clean room.

Costa Rica Meeting

 

Costa Rica Meeting

 

Costa Rica Meeting

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