Trump Administration Examining Allowing DFC To Consider, Fund Nuclear Projects As Development
The Hill: Trump’s push to use global aid for nuclear projects alarms development groups
“A new effort by the Trump administration to bolster the nuclear industry is eyeing a surprising source of financing — a fund designed to fight poverty in developing countries. In a list of official recommendations to President Trump last month, the Nuclear Fuels Working Group argued the U.S. needs to sell nuclear power technology abroad and battle the influence of countries like China and Russia that have become dominant suppliers. One way to do that, the group said, is to lift restrictions at the U.S. International Development Finance Corporation (DFC) to let the agency fund nuclear projects alongside other development work. But development groups worry that tapping the DFC to greenlight nuclear projects will do more to promote American interests than alleviate poverty…” (Beitsch, 5/6).