Trump Plan Seeks to Double U.S.-Africa Two-Way Trade by 2025
Published Jun 19, 2019 08:03AM ET
Updated Jun 19, 2019 08:30AM ET
Trump Plan Seeks to Double U.S.-Africa Two-Way Trade by 2025
(Bloomberg) -- The U.S.’s Prosper Africa strategy plans to double two-way trade and investment between the world’s biggest economy and the continent by 2025.
The plan, which is the flagship initiative of U.S. President Donald Trump in Africa, will facilitate transactions by providing blended finance, loan guarantees, and market intelligence to help make investments less risky, Mark Green an administrator for the U.S. Agency for International Development, known as USAID, said at a conference Wednesday in Mozambique’s capital, Maputo.
It will also provide “matchmaking” services between U.S. companies and African supply and value-chain partners, he said. Prosper Africa will also create country-specific roadmaps to improve the private investment landscape, he said.
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Written By: Bloomberg
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