By Paul M. Murphy, Mark McAuley
Overview: The United States seems to be raising the bar for International Development Finance with the proposed BUILD Act. Through the proposed creation of a new U.S. Government institution, the International Development Finance Corporation, the US looks to create a new paradigm for the developing world – in direct response to China’s Belt & Road Initiative and China’s rising influence globally.
Given the purpose and scope of the draft legislation, it behooves Canadian companies to consider ways to capitalize on this new funding source, most likely in collaboration with U.S. companies looking to pursue qualifying projects overseas.
