Rep. Bass Statement on the Partnership for Global Infrastructure and Investment

"I am excited to voice my support for the new Partnership and Global Infrastructure (PGII) plan set forth by President Biden and G7 Leaders. This is a $600 billion plan where, over the next five years, the United States has committed $200 billion to help meet the needs of low- and middle-income countries and support economic and national security interests of the U.S. and its partners.

"As other nations have continued to amplify and invest in their own infrastructure development plans in developing countries, it is more important now than ever to execute the PGII through the four priority pillars that will transform global infrastructure in the coming decades, which include: climate change and investing in clean energy; building a secure and open internet and information systems; advancing gender equity and equality; and upgrading health infrastructure.

"The Administration has made its pledge clear to bolster infrastructure in Africa and across the world, and I am happy to support this transformative initiative."

To read the Administration's full plan, click here. Initial projects that have already been announced that will positively impact the African continent include the following:

• U.S. firm, AfricaGlobal Schaffer, in collaboration with U.S. project developer Sun Africa, signed a contract with the Government of Angola to develop a $2 billion solar project, which will be used to help the country meet their climate commitments;
• The U.S. Development Finance Corporation (DFC) is disbursing a $3.3 million grant to Institut Pasteur de Dakar (IPD) for early-stage project development for an industrial-scale flexible multi-vaccine manufacturing facility in Senegal with the capacity for millions of doses of COVID-19 and other vaccines;
• DFC will invest up to $25 million in the Uhuru Growth Fund I-A, which will provide needed growth capital to small-and medium-sized enterprises in West Africa - including women-led businesses, impacting Nigeria, Ghana, and Cote d'Ivoire;
• The Digital Invest program will leverage $3.45 million in State and U.S. Agency for International Development (USAID) funding to mobilize up to $335 million in investment capital for internet service providers and financial technology companies in Africa, Asia, and Latin America; and
• U.S. project development company, ABD group, was awarded a $320 million healthcare infrastructure project to renovate or construct over 100 hospitals and clinics across Cote d'Ivoire.