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U.S. Embassy statement on $5 billion Export-Import Bank loan for LNG Project in Mozambique
10:55 CAT | 29 Sep 2019
in file CoM
The United States of America applauds the unanimous vote Thursday by the board of directors of the Export-Import Bank of the United States (EXIM) to authorize a $5 billion direct loan supporting a liquefied natural gas (LNG) project in northern Mozambique. This investment will boost economic growth, create jobs, and increase fiscal revenues in Mozambique while supporting thousands of jobs in the United States. It is also a major step in delivering on the U.S. Prosper Africa Initiative’s pledge to double U.S. investment, drive growth, and deepen our partnerships in Africa as discussed during the Corporate Council on Africa’s U.S.-Africa Business Summit in Maputo in June.
Source: U.S. Embassy in Mozambique / Press Release
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