|By PR Newswire||
|August 5, 2014 01:18 PM EDT||
WASHINGTON, Aug. 5, 2014 /PRNewswire-USNewswire/ -- The Export-Import Bank of the United States (Ex-Im Bank) has signed a memorandum of understanding (MOU) with Angola to boost job growth in both countries by strengthening collaboration on the financing of American exports to Angola.
The MOU signing between Ex-Im Bank President Fred P. Hochberg and Angola's Minister of Finance, Mr. Armando Manuel, took place in conjunction with the U.S.-Africa Leaders Summit convened by President Barack Obama this week in Washington, D.C. The three-day summit, which has drawn heads of state and ministers from across the African continent, is designed to advance shared priorities, and strengthen ties between the United States and one of the world's fastest-growing regions.
"Ex-Im Bank's financing can assist Angolan buyers in purchasing almost any kind of 'Made in the USA' product or service to meet their needs," said Hochberg. "And those purchases not only create jobs here in America, but contribute to job growth and an infrastructure built to last in Angola as well."
In the MOU, Ex-Im Bank and Angola's Ministry of Finance agreed to exchange information on trade and business opportunities to enable the procurement of U.S. goods and services by both state-owned and private-sector enterprises in Angola. The MOU identifies the following sectors for business development: energy, infrastructure, railways and roads, mining, telecommunications, agriculture, and environment, including water and sanitation projects.
Ex-Im Bank has authorized a record of more than $1.7 billion for U.S. exports to sub-Saharan Africa through the first ten months of FY 2014.
In the past five years, Ex-Im Bank has authorized more than $5 billion for U.S. exports to sub-Saharan Africa, exceeding the Bank's authorizations of $4 billion for the region approved over the previous decade.
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of operations.
In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions – or 89 percent of total transactions – for small businesses. Small-business exporters can learn about how the Bank's products can help them increase foreign sales at http://go.usa.gov/ZVTd. For other information about Ex-Im Bank, visit www.exim.gov.
SOURCE Export-Import Bank of the United States
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Sep. 27, 2016 03:15 PM EDT Reads: 1,297
Sep. 27, 2016 03:15 PM EDT Reads: 2,747
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Sep. 27, 2016 03:15 PM EDT Reads: 2,806
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Sep. 27, 2016 03:00 PM EDT Reads: 1,685
Sep. 27, 2016 02:45 PM EDT Reads: 2,195
Sep. 27, 2016 02:45 PM EDT Reads: 4,602
Sep. 27, 2016 02:45 PM EDT Reads: 1,247
Sep. 27, 2016 02:30 PM EDT Reads: 294
Sep. 27, 2016 02:15 PM EDT Reads: 1,977
Sep. 27, 2016 02:00 PM EDT Reads: 1,438
Sep. 27, 2016 01:45 PM EDT Reads: 233
Sep. 27, 2016 01:30 PM EDT Reads: 1,712
Sep. 27, 2016 01:00 PM EDT Reads: 2,811
Sep. 27, 2016 01:00 PM EDT Reads: 2,658
Sep. 27, 2016 01:00 PM EDT Reads: 1,595