At the Indo-Pacific Business Forum held this week, the U.S. International Development Finance Corporation (DFC) has agreed to help bolster private sector participation in indo-pacific infrastructure.
In conjunction with the US Agency for International Development, an additional $250m will be dedicated to the region to bolster partnerships and support growth in the energy and digital infrastructure sectors, as well as supporting increased trade.
Amongst a number of listed initiatives, the DFC will help diversity and expand energy services in Vietnam, establish a new framework enabling the mobilization of private sector investment in Tuvalu and put $40m towards broadband rollout in Myanmar.
"DFC is committed to financing the modern infrastructure needed in these rapidly growing economies,” said deputy administrator Bonnie Glick
“DFC’s investments will help expand access to secure and reliable energy, financial services, and technology and help realize the vision of a free and open Indo-Pacific.”