The Export-Import Bank of the United States (EXIM) recently approved more than $1 billion in transactions across five key deals aimed at supporting American exports and securing an estimated 4,000 U.S. jobs. The Board of Directors sanctioned these agreements to align with EXIM’s mission of bolstering U.S. businesses and meeting charter mandates.
Key transactions included a $225 million commitment to Morocco’s Royal Air Maroc for aircraft exports by Boeing, supporting 1,100 jobs in South Carolina and Ohio. Another significant deal saw a $637 million commitment to Korean Air Lines for the export of aircraft to South Korea, expected to secure around 3,000 jobs across four U.S. states.
The Board also introduced a Non-Binding Resolution to enhance financing for critical minerals and rare earths in response to increasing Congressional interest. This aligns with EXIM’s China and Transformational Exports Program, which is also backing a $98 million loan for Romania’s RoPower Nuclear S.A., expected to support 400 U.S. jobs in the nuclear energy sector.
Further approvals included a $297 million energy efficiency project in Iraq, managed by Stellar Energy Americas, Inc., benefiting 600 U.S. jobs, and a $313 million co-financing agreement with Finland’s Finnvera to support the export of Nokia goods for India’s 5G network expansion.
EXIM’s President and Chair, Reta Jo Lewis, emphasized the bank’s commitment to U.S. exporters and job creation while expanding its support for critical minerals and transformational exports.
