By Andrea Shalal
WASHINGTON, Sept 16 (Reuters) - The U.S. International Development Finance Corp on Wednesday approved a $500 million trade financing facility that will help U.S. companies access emerging markets in South America, Southeast Asia and Africa, the agency's chief executive, Ben Black, said.
The facility, approved by the DFC's board, will offer counter-guarantees in partnership with the World Bank's International Finance Corp, its private-sector arm, and its Global Trade Finance Program, Black told Reuters.
"The goal is trying to expand the program and further grow U.S. exports," he said in an interview.
Under Black's leadership, DFC has expanded its investment cap to $205 billion and shifted its focus from traditional poverty alleviation toward mining, extractive industries, energy and digital infrastructure, with an eye to countering China's global influence and securing vital supply chains for the U.S.
#trade #global #program #approved
WASHINGTON, Sept 16 (Reuters) - The U.S. International Development Finance Corp on Wednesday approved a $500 million trade financing facility that will help U.S. companies access emerging markets in South America, Southeast Asia and Africa, the agency's chief executive, Ben Black, said.
The facility, approved by the DFC's board, will offer counter-guarantees in partnership with the World Bank's International Finance Corp, its private-sector arm, and its Global Trade Finance Program, Black told Reuters.
"The goal is trying to expand the program and further grow U.S. exports," he said in an interview.
Under Black's leadership, DFC has expanded its investment cap to $205 billion and shifted its focus from traditional poverty alleviation toward mining, extractive industries, energy and digital infrastructure, with an eye to countering China's global influence and securing vital supply chains for the U.S.
#trade #global #program #approved
2 months ago
