The US Export-Import Bank will invest in Pakistan’s critical mineral projects

• The $100 billion initiative includes projects in Egypt and Europe.
• The investments align with President Trump’s energy agenda.
• The Bank’s objective is to secure supply chains for critical minerals.
  

The US Export-Import Bank (EXIM) has announced plans to invest in Pakistan’s critical mineral projects as the country aims to increase its energy production.

The announcement is part of a $100 billion investment plan to secure U.S. and allied supply chains for critical minerals, nuclear power and liquefied natural gas, agency president John Jovanovic said. Financial Times in an interview published on Sunday.

The first tranche of deals will include projects in Egypt, Pakistan and Europe, Jovanovic told the newspaper, adding that the West had become too reliant on supplies of these critical materials which “is no longer fair”.

“We can’t do anything other than what we’re trying to do without these underlying critical raw material supply chains being secure, stable and functional,” he was quoted as saying.

Congress approved $135 billion for EXIM development

Jovanovic said FT that the bank’s early deals will include a credit insurance guarantee for $4 billion of natural gas to be delivered to Egypt by New York-based commodities group Hartree Partners and a $1.25 billion loan for the Reko Diq mine being developed by Barrick Mining in Pakistan.

The bank has $100 billion to use of the $135 billion Congress has approved, he said.

EXIM did not immediately respond to a request for comment outside regular hours.

The investment aligns with US President Donald Trump’s energy dominance agenda.

Trump had campaigned on a promise to increase US energy production and has sought to roll back energy and environmental regulations since taking office in January.