DFC approves Three Seas investment

Three Seas initiative to receive $300m; $2.1bn “critical” investment in Q4

The US International Development Finance Corporation (DFC) has approved over $2.1bn of investment aimed at facilitating private sector investment into developing countries’ infrastructure.

This bundle included $300m of investment into the Three Seas Initiative, a geopolitical fund aiming to bolster infrastructure in eastern and central Europe.

Alongside this, the DFC has approved investments into telecommunications networks in Africa, and the global response to Covid-19.

“The financing approved by DFC will be critical in facilitating private sector investment to increase economic growth in developing countries, especially in continuing to respond to the economic and health impacts from the pandemic,” said DFC chief executive officer, Adam Boehler.