Export-Import Bank of the United States Announces First-Ever China and Transformational Exports Program Deal of the Year Award at 2022 Annual Conference
WASHINGTON, DC – The Export-Import Bank of the United States (EXIM) today awarded Angola’s Radio Signal Expansion and Studio Modernization Project the first-ever China and Transformational Exports Program (CTEP) Deal of the Year Award at its 2022 Annual Conference.
A recognition of an export transaction for its impact as U.S. exporters compete against China in the global marketplace, this project allowed Mason, OH exporter GatesAir to access EXIM-backed financing and remain competitive.
The project, which will provide 95 percent of the Angolan population with FM radio signals once complete, saw the successful collaboration of GatesAir, EXIM-guaranteed lender Deutsche Bank and the Republic of Angola.
“I am so pleased to be awarding EXIM’s first-ever CTEP Deal of the Year,” said EXIM President and Chair Reta Jo Lewis. “Since directed by Congress in 2019 to establish this program, we have worked diligently to help U.S. exporters meet Chinese competition and support U.S. innovation and employment.”
ABOUT EXIM BANK:
EXIM Bank an independent federal agency that provides competitive and necessary export credit to overseas purchasers of U.S. exports to promote and support American jobs. A robust and fully functioning EXIM Bank can assist the United States in leveling the global playing field for U.S. exporters when they compete against foreign companies that receive the support of their national export credit agencies. EXIM also contributes to U.S. economic growth and the support of more than a million jobs through the support of thousands of small and medium-sized enterprises (SMEs) around the country. Since 2000, EXIM Bank has provided $14.6 billion to the U.S. Treasury after paying for all of its administrative and program expenses.
For more information about EXIM, please visit www.exim.gov.