Reference News Network, November 25 report - According to the website of the UK's Financial Times, on November 23, the U.S. Export-Import Bank will invest $10 billion to realize President Trump's global energy leadership plan, its new president said, and the first transactions will involve projects in Egypt, Pakistan, and Europe.
John Jovanovic, who took office in September, told the Financial Times that the government agency will provide financing to ensure the supply chain security of U.S. and allied interests in areas such as critical minerals, nuclear energy, and liquefied natural gas, to offset dependence on Russia.
In his first interview after taking over the U.S. Export-Import Bank, Jovanovic said that the U.S. Export-Import Bank "is back in full force and has resumed operations."
He said his focus would be to "bring American energy to every corner of the world" and address the problem of excessive reliance on key mineral supply chains, as these supply chains "are no longer fair."
He said, "If these key basic raw material supply chains are unsafe, unstable, and inefficient, we can't do anything else."
As one of several U.S. government agencies designated by the White House, the U.S. Export-Import Bank is being tasked with supporting energy and mineral projects, aimed at promoting domestic industry development and strengthening Western supply chains.
Jovanovic said that of the $13.5 billion authorized by Congress, the U.S. Export-Import Bank still has $10 billion available for use. (Translation/ Xu Yanhong)
Original: https://www.toutiao.com/article/7576577608654062089/
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