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

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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,