TRUMP ADMINISTRATION PROPOSES BIGGER ROLE FOR DEVELOPMENT FINANCE CORPORATION

The Trump administration wants to provide the U.S.'s flagship development agency more leeway to finance projects in high-income countries, while quadrupling its spending power and enhancing its national security focus.

The plan would represent a big change for the U.S. International Development Finance Corporation, a relatively small agency which until now has been dedicated to supporting poor countries, mainly with projects that boost their energy and critical minerals development and preserve nature.

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