Trump builds up US DFI

Issue 379 - 26 Oct 2018

Despite President Donald Trump’s election promises to dismantle the US’ development institutions, his administration has created the US International Development Finance Corporation (IDFC) as part of a strategy to strengthen the country’s ability to win contracts and counter Chinese and other expansion in Africa, Asia and the Americas. Its creation was passed by Congress with bipartisan support in the early October Better Utilisation of Investments Leading to Development (Build) Act vote and quietly signed into law by Trump.

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