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US boosts loan to Mozambique LNG in competition with Russia and China

‘We were told that China and Russia were slated to finance this deal,’ said US Export-Import Bank president and chairman Kimberly Reed in announcing the loan, which has increased to $6.5bn from the original $4.7bn

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The Exim Bank helps foreign companies buy American products when private lenders will not provide financing, with one of its goals being to ‘advance the US’ comparative leadership in the world with respect to China’

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