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EXIM Bank wants to finance more projects in Mozambique
6:52 CAT | 26 Feb 2016
The Chairman of the Board of Directors of the Export-Import Bank of the United States (EXIM Bank), Fred Hochberg, said on Thursday in Maputo that his institution is interested in funding more projects in the country.
Hochberg was speaking to reporters after meeting Prime Minister Carlos Agostinho do Rosario.
“Our intention is to continue to fund projects here in Mozambique, because we are the largest US export credit institution,” Hochberg said. “We want to grow in the business area, monitoring and financing projects in Mozambique”.
Hochberg, who is one of the top business leaders in US President Barack Obama’s administration, said that EXIM Bank particularly wants to finance projects related to natural resources and liquefaction of natural gas.
“We are also interested in financing the exports of these resources, and of services and goods from the United States to Mozambique,” Hochberg said, adding that, at around US$10 billion, the funding will be significant.
“I want to make it clear that President Obama is interested in investing in sub-Saharan Africa, and particularly here in Mozambique, having also specified that there is a need to work at increasing trade,” Hochberg said.
Hochberg’s visit to Mozambique is part of a boarder regional visit promoting Exim Bank and credit agencies in support of economic development and infrastructure in Africa.
Source: AIM
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