News

BRUSSELS – The Export-Import Bank of the United States (EXIM) today signed a co-financing agreement with Etihad Credit Insurance (ECI), the official export credit agency of the United Arab Emirates (U.A.E.), to expand the competitiveness of both agencies and create a one-stop shop facility that will provide joint support for U.S. and U.A.E. export projects. Under the agreement, EXIM and ECI have committed to expanding the scope of financing for bilateral projects that have a strong U.S.-U.A.E. nexus.

“We are excited to sign this historic co-financing agreement with ECI during the Berne Union,” said EXIM President and Chair Reta Jo Lewis. “We are eager to play a role in facilitating new exporting opportunities for U.S. and U.A.E. companies. The time is now to create collaborations and finance projects that will strengthen the commercial relationship and economies of both our nations. “

One-stop shop arrangements allow products and services from two (or more) countries to benefit from a single ECA financing package, streamlining the financing process and creating additional opportunities for both agencies named in the agreement. The co-financing agreement was signed by EXIM Chair Lewis and CEO Raja Al Mazrouei during the Berne Union Spring meetings in Brussels, Belgium.

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. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.

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