Trump Replaces OPIC With Bigger, Better "USIDFC" To Take On China In Developing Countries

This is only an excerpt! Sign up for a free trial to receive CURRENT Daily Water Briefings or Weekly Water Newsletters. License Holders sign in to read the full text.

WASHINGTON, DC, United States

US President Donald Trump signed the Better Utilization of Investments Leading to Development (BUILD) Act last week, creating a new foreign aid agency to replace the Overseas Private Investment Corporation (OPIC) which was established in 1971 as a lending facility to encourage American companies to invest in developing countries. The new  "United States International Development Finance Corporation" (USIDFC) will have double OPIC's overall lending capacity,