WASHINGTON, D.C. – The U.S. International Development Finance Corporation and the European American Chamber of Commerce New York (EACCNY) signed a memorandum of understanding (MoU) to strengthen transatlantic cooperation in advancing resilient infrastructure investments in low- and middle-income countries.
DFC joined EACCNY, the European Investment Bank, and the Export-Import Bank of the United States to establish the Transatlantic Resilient Infrastructure Alliance (TRIA). The alliance is a new platform for leading financial institutions from the United States and Europe, including banks; institutional investors such as pension funds, insurers, and asset managers; and industry and advisory firms, to develop sustainable financing options, identify and promote priority projects, and collaborate on the advancement of resilient infrastructure. The MoU outlines a shared commitment to deepen collaboration across sectors such as digital infrastructure, climate and energy, health, and transportation.
“The United States and our transatlantic allies are united behind our shared values and a common commitment to delivering resilient infrastructure investments in the developing world. This Alliance will drive more coordination between our governments and our private sector partners, and it will help us mobilize more private capital,” said Scott Nathan,DFC CEO.
“EACCNY’s partnership with the U.S. International Development Finance Corporation in the context of TRIA is essential to build a strategic ecosystem that will help address our shared mission of utilizing transatlantic economic relations for a greater cause. TRIA will combine the might and know-how of two of the world’s economic powerhouses in an effort to set new standards in development finance,” said Yvonne Bendinger-Rothschild, Executive Director of EACCNY.
“Bringing together public and private financing, best practice, and project expertise from both sides of the Atlantic will help bridge the gap and improve the speed and efficiency of infrastructure investment around the world. The time to launch this initiative is now and our members are ready to be part of this ambitious project,” said Bendinger-Rothschild.
This alliance is in line with DFC’s new affiliate membership with the Association of European Development Finance Institutions, announced in October 2024. DFC looks forward to leveraging this new alliance to generate infrastructure investment opportunities with the private sector and maximize transatlantic collaboration with other development finance institutions.
###
About DFC
The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
About EACCNY
The European American Chamber of Commerce New York (EACCNY) is a platform connecting public and private sector entities on both sides of the Atlantic. The goal of the EACCNY is to stimulate transatlantic investment and cross-border business development, and to facilitate networking and relationships between its members. To do this, the EACCNY provides its members with access to information, resources, and support on matters affecting business activities between Europe and the United States. Contact for inquiries: ybr@eaccny.com & marketing@eaccny.com