UK to expand development finance investment to boost growth

LONDON : Britain will expand the size and reach of its development finance institution to provide billions of pounds of investment in infrastructure and technology in countries across Asia, Africa and the Caribbean, the government said.

"Too many countries have become indebted with strings-attached investment and we want to provide an honest, reliable alternative that is going to enable those countries to grow," Foreign Secretary Liz Truss told Reuters ahead of Thursday's launch at an event at the London Stock Exchange. It will be headed by Diana Layfield, President, EMEA Partnerships at Google, and will also partner with capital markets and sovereign wealth funds to scale up financing, the government said.

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Asian Infrastructure Investment Bank approves US$360 million financing for Egypt - ministerDUBAI : The Asian Infrastructure Investment Bank approved US$360 million in financing for Egypt on Tuesday, according to a statement by Minister of International Cooperation Rania Al-Mashat carried by the state news agency, MENA. The funds will help support Egypt's recovery from the COVID-19 pandemic and
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