WASHINGTON: US Exp\u00adort-Import (Exim) Bank\u2019s chief said the organisation would provide a $1.25 billion loan to Barrick Mining\u2019s Reko Diq mine in Pakistan, as part of a larger plan to invest $100bn to bolster US and allied supply chains for critical minerals, nuclear energy, and natural gas.<\/p>\n
The first tranche of deals will include projects in Pakistan, Egypt and Europe, the organisation\u2019s chair John Jovanovic told the Financial Times in an interview on Sunday. He added that the West was over-reliant on supplies that \u201care no longer fair\u201d.<\/p>\n
\u201cWe can\u2019t do anything else that we\u2019re trying to do without these underlying critical raw material supply chains being secure, stable and functioning,\u201d Jovanovic was quoted saying.<\/p>\n
Jovanovic told FT that the bank has $100bn left to deploy of the $135bn autho\u00adrised by Congress. He said the bank\u2019s early deals would also include a credit insurance guarantee for $4bn of natural gas being delivered to Egypt by New York-based commodities group Hartree Partners.<\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON: US Exp\u00adort-Import (Exim) Bank\u2019s chief said the organisation would provide a $1.25 billion loan to Barrick Mining\u2019s Reko Diq mine in Pakistan, as part of a larger plan to invest $100bn to bolster US and allied supply chains for critical minerals, nuclear energy, and natural gas. The first tranche of deals will include projects […]<\/p>\n","protected":false},"author":1,"featured_media":13604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/13603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13603"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/13603\/revisions"}],"predecessor-version":[{"id":13605,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/13603\/revisions\/13605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/13604"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}