Yet Belt and Road’s massive mobilization of capital has galvanized action in Washington. When the Trump administration first came in, one agency on the list to be axed was the Overseas Private Investment Corporation, a government agency that lowers the risk of investing abroad for U.S. firms by providing political risk insurance. But now OPIC has been combined with another U.S. agency to become the U.S. International Development Finance Corporation, with global infrastructure investment its major goal. It is slated to have $60 billion of lending capacity, which happens to just about match
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