US pledges new investment to support democracies

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US pledges new investment to support democracies
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The United States on Wednesday announced $225 million in investments to support emerging democracies in the face of a rise in autocracies around the world.

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Secretary of State Antony Blinken and Samantha Power, administrator of the US Agency for International Development , were to announce the assistance at an event Wednesday on the sidelines of the UN General Assembly.

The assistance to Nepal, secured by the US International Development Finance Corporation, which leads development efforts through private investors, will include support for small businesses and sustainable transportation in the Himalayan nation. The package also includes grants, including from the Ford Foundation and Rockefeller Foundation, that will support civil society groups, rural electricity and climate projects in countries that include Moldova, Tanzania and Zambia.

The assistance aims to"deliver essential services and bring about tangible progress for citizens in countries experiencing democratic openings," it said.

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