EXIM Signs $750 Million Memorandum of Understanding with the Republic of Indonesia's Ministry of Finance and Ministry of Planning
WASHINGTON - The Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today signed a memorandum of understanding (MOU) with the Republic of Indonesia's Ministry of Finance and Ministry of Planning aimed at enhancing trade and economic opportunities between the two countries.
Chairman Reed and Indonesian Ambassador to the United States Muhammad Lutfi signed the agreement at a ceremony at the Embassy of the Republic of Indonesia in Washington, D.C. Republic of Indonesia Coordinating Minister for Maritime and International Investment Affairs Luhut B. Pandjaitan also took part in the event.
The MOU is an outcome of Chairman Reed and Minister Luhut's previous discussions which took place in Jakarta in October.
Under the MOU, EXIM and Indonesia agree to explore and identify potential opportunities for EXIM financing in a total aggregate amount of up to $750 million, which include, but are not limited to, opportunities in infrastructure, railway and road transportation, energy (including renewable energy), mining supply chain infrastructure, environmental projects, communications, information and communications technology, broadcasting, weather and climate monitoring, safety and security, health care, and geospatial information.
"This MOU affirms EXIM's commitment to diverse potential projects in Indonesia, including in information and communications technologies, energy, and infrastructure," said Chairman Reed. "I was extremely honored to have Minister Luhut join Ambassador Lufti and me for the signing ceremony today in Washington. We had very productive conversations last month in Jakarta and today's action builds upon those efforts and memorializes our commitment to enhancing the economic cooperation between our two countries. I look forward to an even more fruitful friendship between America and Indonesia as the Indonesian people gain greater access to more high-quality 'Made in the USA' goods and services."
L-R: Indonesian Ambassador to the United States Muhammad Lutfi, Indonesia Coordinating Minister for Maritime and International Investment Affairs Luhut B. Pandjaitan, and Export-Import Bank of the United States Chairman Kimberly Reed celebrate at the conclusion of the MOU signing ceremony.
ABOUT EXIM:
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.
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