Latest US International Development Finance Corporation News & Updates

Washington, June 3 (IANS) Two Republican lawmakers have introduced legislation aimed at countering China’s Belt and Road Initiative (BRI), arguing that Beijing is using infrastructure financing and investment deals to expand its economic and strategic influence around the world.Congressman Scott Fitzgerald of Wisconsin and Congressman Zach Nunn of Iowa on Tuesday unveiled the Thwarting Regional Adversary Investments Now (TRAIN) Act and the Build Responsible Infrastructure Development for the Glo…

Washington, April 10 (IANS) The United States must deploy its private sector more aggressively across global markets to counter China’s expanding footprint, Deputy Secretary of State Christopher Landau said, calling commercial diplomacy a “key foundation” of American foreign policy.Framing economic engagement as central to both geopolitical competition and long-term global stability, Landau argued that Washington must better mobilise its businesses to compete abroad.“The one question tha…

Washington, Feb 24 (IANS) India is “a technology powerhouse” that is central to the White House’s global artificial intelligence push, US President Donald Trump’s top science adviser has said, highlighting the country’s engineering depth and growing innovation ecosystem.“India is a technology powerhouse,” Michael Kratsios, assistant to the president and director of the White House Office of Science and Technology Policy, said told Fox News in an interview.“It graduates an incredi…