Export-Import Bank of the United States Signs Memorandum of Understanding with Qatar Development Bank

MOU Will Expand Working Relationship in Key Sectors

FOR IMMEDIATE RELEASESeptember 4, 2024

St. Gallen, Switzerland - Export-Import Bank of the United States (EXIM) President and Chair Reta Jo Lewis and Abuldrahman Hesham Al-Sowaidi, Chief Executive Officer of the Qatar Development Bank (QDB), today officially signed a memorandum of understanding (MOU) between EXIM and QDB to support future collaboration in mutual priority areas. The MOU was signed during the Chair's trip to St. Gallen, Switzerland to participate in the IfTI Global Symposium with other heads of global export credit agencies and industry leaders.

"This MOU underscores our desire to continue building upon EXIM's productive collaboration with QDB," said Chair Lewis. "EXIM is deeply committed to expanding our work in the climate and energy security sectors while advancing EXIM and Biden-Harris Administration priorities. The MOU signed today will be a critical tool in reaffirming both QDB's and EXIM's commitment to enhancing our mutual economic cooperation in critical areas including critical minerals, renewables, and technology and digital connectivity."

The MOU signed today directly supports EXIM mission priorities surrounding renewable and environmentally beneficial technologies, critical minerals and advancing the global effort on climate change.

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.

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