WASHINGTON – From September 6 – 7, the U.S. International Development Finance Corporation (DFC) Chief Climate Officer (CCO) Jake Levine and DFC officials traveled to Bucharest, Romania to participate in the Three Seas Summit. CCO Levine’s participation underscores DFC’s support for the Three Seas’ countries' work to drive resilience and diversification in the energy sector.
CCO Levine was part of the official U.S. delegation to the summit, led by Special Presidential Envoy for Climate John Kerry and included Export Import Bank Chair Reta Jo Lewis, Assistant Secretary of State for Energy Resources Geoffrey Pyatt, as well as representatives from the Department of Commerce and the Department of Energy.
While in Bucharest, CCO Levine delivered remarks at the Three Seas Initiative Business Forum panel on investment, where he highlighted DFC’s commitment to provide up to $300 million in financing to the Three Seas Initiative Investment Fund, which will support investments that enhance energy security, including by facilitating diversification of energy markets and driving clean energy development that can reduce exposure to the ongoing risk of Russian manipulation.
During the Forum, CCO Levine also highlighted DFC’s broader investments in Central and Eastern Europe, DFC’s enduring commitment to supporting Ukraine and its private sector, and how they reflect DFC’s support for the region’s energy diversification and security amid unprovoked and outrageous Russian aggression.
As part of the U.S. delegation, CCO Levine met with Romanian President Klaus Iohannis and Prime Minister Marcel Ciolacu and toured the NuScale Energy Exploration Center at Bucharest’s Politehnica University.
On the sidelines of the summit, CCO Levine and other DFC officials participated in the U.S.-Romania Economic Forum — Innovation for Prosperity and met with current and potential clients interested in learning more about DFC’s work in the region and ways it can catalyze private sector investment.
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.