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Will the BUILD Act Improve Lending in Poor Countries and Counter China? The Jury's Still Out

During debate over the BUILD Act (Better Utilization of Investments Leading to Development Act) a bill that would rename and double the size of the Overseas Private Investment Corp. proponents asserted that it was needed to counter China’s aggressive “One Belt, One Road” debt-trap diplomacy initiative that finances infrastructure projects in developing countries. The question is, will BUILD, passed by Congress last year, counter China? Judging by the Overseas Private Investment Corp.’s recent lending decisions, so far, the answer to that question appears to be “no.” ....

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Environmentalists argue for development agency to hold open meetings

Environmentalists argue for development agency to hold open meetings
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The Biden Administration Should Offer Direct Support for African Governments at the Upcoming US-Africa Leaders Summit—Here's How | Center for Global Development

If the Biden administration wants to forge stronger bonds with African governments in the lead up to mid-December’s US-Africa Leaders Summit, it will have to focus on meeting the needs of those governments during a particularly difficult economic period. One useful but greatly underutilized instrument of support is the US guarantee on foreign governments’ external borrowing. ....

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Responding to the China Challenge: Blueprint 2.0

The Communist regime in China its global ambition, growing power, and values that are diametrically opposed to America’s own is the greatest international danger facing the United States. Not just in its own right: It compounds other threats to the U.S. like those posed by Russia and Iran. The U.S. must have robust, practical solutions that vouchsafe Americans against the threats posed by China in every sphere, from security at home and national interest abroad to the values that infuse America’s role in the world. ....

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The BUILD Act's Proposed U.S. Development Finance Corporation Would Supersize OPIC, But Not Improve It

The Trump Administration proposed in the President’s Fiscal Year (FY) 2019 Budget to consolidate “several private sector mobilization and development finance functions at various agencies, such as the Overseas Private Investment Corporation (OPIC) and USAID’s [U.S. Agency for International Development’s] Development Credit Authority [DCA], into a new, enhanced U.S. ....

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