The U.S. Wants to Challenge China’s Dominance in Lending to Developing Countries. Here's How They’re Going To Do It.

39:37
 
Share
 

Manage episode 218919694 series 108224
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.
U.S. president Donald Trump signed the Better Utilization of Investments Leading to Development, also known as the BUILD Act, into law on October 5th, creating a powerful new development finance organization that is aimed at challenging China’s dominance in lending to developing countries. The law combines two existing organizations, the United States Overseas Private Investment Corporation (OPIC) and USAID’s Development Credit Authority to a form a new entity called the International Development Finance Corporation (IDFC) with $60 billion in its coffers. Washington, D.C.-based Africa analyst at the Atlantic Council and an avid IDFC supporter Aubrey Hruby joins Eric & Cobus to provide a high-level introduction to the IDFC and how its lending strategy will differ markedly from what the Chinese are doing in Africa and other emerging markets. Join the discussion. Are you happy that the U.S. is now getting into the development finance game to provide a new financing alternative for African businesses? Or do you think it’s a bit “too little, too late” from the United States after the Trump administration’s questionable commitment to Africa (remember what he said about those s***hole countries and when he made up a country called “Nambia”?). Let us know what you think. Facebook: www.facebook.com/ChinaAfricaProject Twitter: @eolander | @stadenesque | @AubreyHruby Email: eric@chinaafricaproject.com Be sure to join our weekly email newsletter mailing list for a carefully curated selection of the week's top China-Africa news. Sign up here. For more information about Eric & Cobus and the China Africa Project, click on our new About page for details.

270 episodes available. A new episode about every 7 days averaging 41 mins duration .