Export-Import Bank of the United States Signs Co-Financing Agreement with EKN of Sweden
LISBON, PORTUGAL – The Export-Import Bank of the United States (EXIM) today signed a co-financing agreement with EKN, the official export credit agency (ECA) of Sweden, to strengthen the competitiveness of both agencies and create a one-stop shop facility that will provide joint support for U.S. and Swedish export projects. This agreement will facilitate collaboration in areas of high interest for both governments, particularly in the 5G telecommunications industry and for climate friendly technologies.
"EXIM is very pleased to enter into a new reciprocal co-financing agreement with EKN. The telecommunications and renewable energy sectors are priority areas for both of our respective governments,” said EXIM President and Chair Reta Jo Lewis. “This agreement deepens the excellent government-to-government cooperation between the United States and Sweden and we look forward to working with EKN to expand export opportunities in both of our countries."
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 EKN Director General Anna-Karin Jatko at the TXF Global conference in Lisbon, Portugal.
“EKN look forward to closer cooperation with EXIM. Renewable energy and 5G investments are two areas where I see great benefits from working together,” said Director General Jatko.
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 about $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.