The US Export-Import Bank will invest $100bn to achieve President Trump’s plan for global energy dominance, with a first tranche of deals involving projects in Egypt, Pakistan and Europe, its new chair has said.
John Jovanovic, who was appointed in September, told the Financial Times that the government agency would finance efforts to secure US and allied supply chains for critical minerals, nuclear energy and liquefied natural gas to counter western reliance on China and Russia.
Ex-Im Bank was “back in a big way, and it’s open for business”, said Jovanovic in his first interview after taking over at the helm of the bank.
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