The newly constituted Board of Directors of the Export-Import Bank of the United States (EXIM) on Thursday, March 13, 2025, unanimously approved the second amendment of a 2019 direct loan of up to $4.7 billion to support the export of U.S. goods and services for the development and construction of an integrated liquefied natural gas (LNG) project. The financing for the project located on the Afungi Peninsula in northern Mozambique will support the engineering, procurement, and construction of the onshore LNG plant, related facilities, and offshore activities. This marks a huge milestone in the history of the two countries.
In reaction to this announcement, on March 20 at the EXIM Bank headquarters, His Excellency Ambassador Alfredo Nuvunga met with His Excellency Acting President and Chair of EXIM Bank, James Cruse, to extend his deepest appreciation and to discuss further technical issues. Moreover, on behalf of His Excellency Daniel Chapo, President of the Republic of Mozambique, HE the Ambassador conveyed a message of appreciation to His Excellency Donald Trump, President of the United States of America, and his Government and the entire team of EXIM Bank.