Since its inception in 2019, a U.S. development agency has created a portfolio of more than $50 billion worth of projects in 114 countries, including a trans-Africa railway corridor, a power plant in Sierra Leone, and solar panel manufacturing in India.
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Nathan is set to leave the post. President-elect Donald Trump is yet to name his pick to lead the agency. In Angola, for example, the rail project would help secure the supply chain by cutting both time and cost in transporting critical minerals. A recent report by the U.S. Government Accountability Office said China provided $679 billion for international infrastructure projects such as those in transportation and energy between 2013 and 2021, compared with the $76 billion the U.S. provided in the same period. Western politicians have criticized these Beijing-backed projects for creating debt traps, but Beijing argues that they have brought tangible and much-needed economic benefits to the host countries.
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