Supporting Energy Financing for Developing Nations
This act aims to encourage international financial institutions to support energy projects, including those based on coal, oil, gas, and nuclear power, in developing countries. This is intended to help ensure access to more affordable and reliable energy, potentially improving living conditions and economic development in these regions.
Key points
The U.S. will push international banks not to restrict financing for energy projects, including those involving fossil fuels and nuclear power.
A portion of funds for the International Bank for Reconstruction and Development may be withheld if the bank does not change its energy financing policies.
The U.S. government will actively promote international investments in energy projects to help poorer countries gain access to electricity.
Status:
Expired
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