The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs. EDA works with boards and communities across the country on economic development strategies.
China Development Bank (CDB) is a policy bank of China under the State Council. It is responsible for raising funds for large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport. Established in 1994, the bank is described as the engine that powers the national government's economic development policies.
The Export–Import Bank of China is a policy bank of China under the State Council. Established in 1994, the bank was chartered to implement the state policies in industry, foreign trade, economy, and foreign aid to other developing countries, and provide policy financial support so as to promote the export of Chinese products and services.
Climate finance is an umbrella term for loans, investments, and other forms of financial capital allocation in the area of climate change mitigation, adaptation and/or resiliency.
Infrastructure-based economic development, also called infrastructure-driven development, combines key policy characteristics inherited from the Rooseveltian progressive tradition and neo-Keynesian economics in the United States, France's Gaullist and neo-Colbertist centralized economic planning, Scandinavian social democracy as well as Singaporean and Chinese state capitalism: it holds that a substantial proportion of a nation’s resources must be systematically directed towards long term assets such as transportation, energy and social infrastructure in the name of long term economic efficiency and social equity.
The Group of Seven Plus (g7+), established in 2010, is an intergovernmental voluntary organisation bringing together countries that are either facing active conflict or have recent experience of conflict and fragility. It has 20 member countries from Asia-Pacific, Middle East, Africa and the Caribbean with a combined population of 260 million.
Chinese foreign aid may be considered as both governmental (official) and private development aid and humanitarian aid originating from the People's Republic of China.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. It is the world's second largest multi-lateral development institution. Headquartered in Beijing, China, the bank currently has 109 members, including 14 prospective members from around the world. The breakdown of the 109 members by continents are as follows: 42 in Asia, 26 in Europe, 22 in Africa, 9 in Oceania, 8 in South America, and 2 in North America. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock.
The Belt and Road Initiative, known in China as the One Belt One Road sometimes referred to as the New Silk Road, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in more than 150 countries and international organizations. The BRI is composed of six urban development land corridors linked by road, rail, energy, and digital infrastructure and the Maritime Silk Road linked by the development of ports.
Keith J. Krach is an American businessman and former diplomat. He is the former chairman and CEO of DocuSign. Krach co-founded Ariba, and was chairman and CEO, and is recognized for his work in B2B Commerce and Digital Transaction Management. Krach was chairman of the board of Angie’s List. Krach was the youngest-ever Vice President of General Motors. He was Chairman of the board of Trustees for Purdue University.
The Silk Road Fund is a China Government Guidance Fund to foster increased investment in countries along the Belt and Road Initiative, an economic development initiative primarily covering Eurasia. The Chinese government pledged US$40 billion for the creation of the investment fund established on 29 December 2014.
The Belt and Road Forum for International Cooperation is an international political and economic forum of the Belt and Road Initiative.
The United States International Development Finance Corporation (DFC) is a development finance institution and agency of the United States federal government. DFC invests in development projects primarily in lower and middle-income countries. First authorized on 5 October 2018 by the BUILD Act, the independent agency was formed on 20 December 2019 by merging the Overseas Private Investment Corporation (OPIC) with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID), as well as with several other smaller offices and funds.
The 47th G7 summit was held from 11 to 13 June 2021 in Cornwall, England, during the United Kingdom's tenure of the presidency of the Group of Seven (G7), an inter-governmental political forum of seven advanced nations.
The Blue Dot Network (BDN) is a certification framework for quality infrastructure projects. The initiative is a joint project of the governments of Australia, Canada, Czech Republic, Japan, Spain, Switzerland, Turkey, United Kingdom, and the United States that supports investment in high-quality infrastructure projects around the world, especially by the private sector.
The Clean Network was a U.S. government-led, bi-partisan effort announced by then U.S. Secretary of State Mike Pompeo in August 2020 to address what it describes as "the long-term threat to data privacy, security, human rights and principled collaboration posed to the free world from authoritarian malign actors." Its promoters state that it has resulted in an "alliance of democracies and companies," "based on democratic values." According to the Trump administration, the Clean Network is intended to implement internationally accepted digital trust standards across a coalition of trusted partners.
The Partnership for Global Infrastructure and Investment (PGII) is a collaborative effort by Group of Seven to fund infrastructure projects in developing nations based on the trust principles of the Blue Dot Network. It is intended to be the bloc's counter to China's Belt and Road Initiative and a key component of the "Biden Doctrine".
The Global Gateway Initiative is a worldwide strategy by the European Union to invest in infrastructure projects worldwide. The project was initiated by the EU Commission under the leadership of Ursula von der Leyen. Over the period 2021–2027, the EU will invest €300 billion. Investment into Africa is the regional priority of the initiative, as half the funds are allocated to projects to improve the green transition, digital transition, sustainable economic growth, health care and education in Africa.
The India-Middle East-Europe Economic Corridor (IMEC) is a planned economic corridor that aims to bolster economic development by fostering connectivity and economic integration between Asia, the Persian Gulf and Europe. The corridor is proposed from India to Europe through the United Arab Emirates, Saudi Arabia, Jordan, Israel and Greece.
