Export-Import Bank of the United States Signs Co-Financing Agreement with Export Finance Australia at Berne Union
BRUSSELS – The Export-Import Bank of the United States (EXIM) today signed a co-financing agreement with Export Finance Australia (EFA) to increase the competitiveness of both agencies and create a one-stop-shop facility that will provide joint support for U.S. and Australian export projects. This agreement will facilitate collaboration in areas of high interest for both governments, including critical minerals, climate friendly technology, and regional infrastructure.
“We are thrilled to enter into a new co-financing agreement with EFA,” said EXIM President and Chair Reta Jo Lewis. “This agreement highlights the strong cooperation between the United States and Australia to tackle shared economic, climate, and geopolitical challenges. We are eager to play a role in expanding export opportunities for U.S. and Australian businesses.”
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 EFA Managing Director and CEO John Hopkins during the Berne Union Spring meetings in Brussels, Belgium. EXIM previously had a co-financing agreement with EFA’s predecessor, Export Finance and Insurance Corporation (EFIC), which was signed in 2007.
“EFA and EXIM have a close working relationship that reflects that of the broader close Australia and United States bilateral relationship,” EFA CEO Hopkins said. “This updated agreement will open up new opportunities for EFA and EXIM to support our respective exporters, including through encouraging partnership between Australian and US businesses.”
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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