The US Export-Import Bank (EXIM) plans to invest $100 billion to strengthen supply chains for critical minerals, nuclear energy, and liquefied natural gas (LNG) across the US and its allies, according to EXIM chair John Jovanovic in an interview with the Financial Times published Sunday.
Jovanovic said the first round of deals will include projects in Egypt, Pakistan, and Europe, as the West seeks to reduce its dependence on what he described as increasingly unfair sources of essential raw materials.
Jovanovic noted that the bank still has $100 billion available from the $135 billion authorized by Congress. The move is in line with US President Donald Trump’s energy-dominance agenda, which aims to boost domestic energy output and reduce regulatory barriers.
