It sounds like the title of a robbery heist flick, but Project Vault is the Trump administration’s real-life effort to stockpile critical minerals and insulate the U.S. from supply chain volatility. And the financial backbone of the endeavor is the U.S. Export-Import Bank, a nearly century-old institution that has had its fair share of ups and downs.
Lately, under the helm of John Jovanovic, it seems to be on the upswing with its support of President Donald Trump’s domestic manufacturing agenda, which includes Project Vault.
“The morning that the bank turned 92 years old, we had our final board approval for the loan that we made to Project Vault, which was more than twice the size of the largest loan that we had made to date,” Jovanovic told Devex President and Editor-in-Chief Raj Kumar during a Feb. 25 discussion hosted by the Council on Foreign Relations in Washington, D.C.
About the author
Anna Gawel
Anna Gawel is the Managing Editor of Devex. She previously worked as the managing editor of The Washington Diplomat, the flagship publication of D.C.’s diplomatic community. She’s had hundreds of articles published on world affairs, U.S. foreign policy, politics, security, trade, travel and the arts on topics ranging from the impact of State Department budget cuts to Caribbean efforts to fight climate change. She was also a broadcast producer and digital editor at WTOP News and host of the Global 360 podcast. She holds a journalism degree from the University of Maryland in College Park.
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