Export-Import Bank of the United States and European American Chamber of Commerce Sign Memorandum of Understanding

MOU Strengthens Transatlantic Cooperation on Financing in Low- and Middle-Income Countries in Variety of Sectors Including Climate, Transportation and Energy
FOR IMMEDIATE RELEASE October 29, 2024
Media Contact Name/Phone
media@exim.gov 202-469-1550/202-730-6639

New York, NY – Today, the Export-Import Bank of the United States (EXIM) and the European American Chamber of Commerce New York (EACCNY) signed an agreement to strengthen transatlantic cooperation on infrastructure financing in low- and middle-income countries across sectors such as digital infrastructure, climate and energy, health, transport, and education. In a ceremony at EACCNY Offices in Manhattan, EXIM and EACCNY signed a Memorandum of Understanding (MOU) to deepen their partnership in meeting global infrastructure demands through the Transatlantic Resilient Infrastructure Alliance (TRIA), a platform that brings together CEOs and senior executives from leading companies and institutional investors from both sides of the Atlantic to identify concrete collaborative infrastructure financing opportunities in low- and middle-income countries.

“At EXIM we are laser-focused on supporting U.S. jobs,” said EXIM President and Chair Reta Jo Lewis. “By joining forces with our European business partners, EXIM is creating new pathways for American businesses to export their goods and services, while strengthening transatlantic ties.”

Through the TRIA platform, EXIM Bank and EACCNY will work to close the global infrastructure financing gap, leveraging private sector expertise and resources. This MOU formalizes a shared vision of mobilizing funding and technical expertise to meet critical global development needs, advancing sustainable growth and resilience in emerging markets. Under the new agreement, EACCNY will promote EXIM Bank’s financial programs to its members, with the goal of broadening awareness and participation in EXIM Bank’s financial tools that support U.S. export-driven projects worldwide.

“EACCNY’s partnership with EXIM Bank in the context of TRIA will enhance access for alliance members to valuable financing opportunities offered by EXIM, accelerating our shared mission of foster transatlantic economic growth through the exchange of best practices, project expertise and strategic resilient infrastructure investment,” said Yvonne Bendinger-Rothschild, Executive Director of EACCNY.

The MOU outlines a shared commitment to deepen collaboration across sectors such as digital infrastructure, climate and energy, health, transport, and education. Key undertakings include:

  • Increase Transatlantic Trade and Spur Innovation: The MOU will promote access to leading technology and expertise, and leverage EU & US financial markets to unlock the enormous potential for investment worldwide.
  • Strengthen Capacity and Increase Collaboration: The TRIA will build on EXIM’s capacity to fund infrastructure programs and help integrate the perspective of European and US businesses to support global sustainability goals. It will also help facilitate effective and coordinated project collaboration between European and American stakeholders
  • TRIA Coordination and Engagement: Both organizations will engage in principal and expert-level meetings to identify joint opportunities and will review quarterly progress.
  • EACCNY Support: EACCNY will facilitate connections among EXIM Bank and TRIA members, promote EXIM Bank’s programs, and invite EXIM Bank experts to share their expertise.

 

Group signing documents

 

Group photo of people holding a document

 

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. Learn more at www.exim.gov.

About EACCNY:

The European American Chamber of Commerce New York (EACCNY) is a platform connecting public and private sector entities on both sides of the Atlantic. The goal of the EACCNY is to stimulate transatlantic investment, cross-border business development and to facilitate networking and relationships between its members. To do this, the EACCNY provides its members with access to information, resources and support, on matters affecting business activities between Europe and the US.

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The European American Chamber of Commerce New York (EACCNY) is a platform connecting public and private sector entities on both sides of the Atlantic. The goal of the EACCNY is to stimulate transatlantic investment, cross-border business development and to facilitate networking and relationships between its members. To do this, the EACCNY provides its members with access to information, resources and support, on matters affecting business activities between Europe and the US.