BUILD Act Ups the Ante on U.S. Competition with China in Africa
A newly enacted U.S. law called the BUILD Act, "could be the most significant U.S. initiative toward Africa in the Trump era," according to an analysis by a veteran Africa policy watcher, Witney Schneidman. The legislation with a cumbersome title - Better Utilization of Investments Leading to Development Act - was signed by President Trump on October 5. The legislation will double the budget of the U.S. International Development Finance Corporation (USIDFC) - formerly the Overseas Private Investment Corporation (OPIC) and will allow the USIDFC to take equity positions in investments, which OPIC was not allowed to do.
Brookings, 6 October 2018
While the nation has been transfixed by the confirmation hearings of Judge Brett Kavanaugh for a seat on the Supreme Court, Congress passed significant legislation on Africa that… Read more »
ONE, 5 October 2018
We asked you, our United States members, to support the BUILD Act (S.2463). You signed petitions, shared tweets, and canvased at U2 shows, farmers markets and festivals. In the… Read more »
The BUILD Act is Law!
- Publication Date:
- 1 October 2018