From OPIC’s website: “Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities.”
From US ExIm Bank’s website: “When private sector lenders are unable or unwilling to provide financing, EXIM fills in the gap for American businesses by equipping them with the financing tools necessary to compete for global sales. In doing so, the Bank levels the playing field for U.S. goods and services going up against foreign competition in overseas markets, so that American companies can create more good-paying American jobs.”
From US AID’s website: “USAID’s work advances U.S. national security and economic prosperity, demonstrates American generosity...”
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Oh no, America is failing at neocolonialism?
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Looks like the American gov't and private sector need to quickly seize such business opportunities considering all the hard work that has gone into Ms. Jandhyala and Deborah Malac efforts to set the stage for oil companies/investors interested in business opportunities in Uganda. Timing is everything.
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And we sit over here in twidling our thumbs while Trump plays havoc with our financial and economic markets as our government sits idle. China is continuously preparing for the future; America is wondering what in the world to do until he is out of office in 2020.
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@edgar culverhouse The calling out of these predatory practices did start during the Obama administration.
What are you going to do? How do you compete with the Chinese who appear to lend money with little in return other than national resources?
This is truly the global equivalent of the predatory lending the US saw with respect to mortgages that contributed to the recession=, but on a global scale.
This isn't something that the current administration created or exacerbated.
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