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How a ‘sleepy institution’ became the West’s frontline economic weapon

Published by Australian Financial Review · Australia 8 h ago
EXIM chairman John Jovanovic says the US-Australia mineral alliance is midterms-proof: “This is one of the few areas of cross-party-line co-operation.” Dominic Lorrimer
EXIM chairman John Jovanovic says the US-Australia mineral alliance is midterms-proof: “This is one of the few areas of cross-party-line co-operation.” Dominic Lorrimer · Australian Financial Review

Detailed summary

John Jovanovic has retooled the US Export-Import Bank into a leading player, partnering with Australia to challenge China’s grip on rare earths.

John Jovanovic is a high-profile Republican appointee of US President Donald Trump who attracted plenty of congressional scrutiny before being confirmed just over a year ago.

But unlike the political furore over the unpopular Secretary of Defence Pete Hegseth, Jovanovic is confident the midterm voters’ repudiation of the Trump White House won’t detract from his own role, nor his close relationship with senior ministers in the Albanese government.

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