Congress considering measure to boost U.S. investment in international infrastructure
Congress considering measure to boost U.S. investment in international infrastructure
At a big investment conference in Beijing Monday, Chinese President Xi Jinping announced his country would pump another $60 billion into investment into Africa infrastructure. Sixty billion is a popular number in the foreign investment arena these days, it seems. Legislation working its way through Congress would combine several agencies to boost U.S. development financing to $60 billion. It’s an effort to catch up with China’s increasing role in funding international infrastructure projects.
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