US OPIC reaches trilateral Indo-Pacific accord with Japan, Australia

Oil & Gas Journal: The US Overseas Private Investment Corp. (OPIC), the Japan Bank for International Cooperation (JBIC), and the Australian government have formed a trilateral partnership to invest in Indo-Pacific infrastructure projects. Officials from the three countries announced their plans on July 30 during the US Chamber of Commerce’s Indo-Pacific Business Forum.

“We share the belief that good investments stem from transparency, open competition, sustainability, adhering to robust global standards, employing the local workforce, and avoiding unsustainable debt burdens,” OPIC Pres. Ray W. Washburne, JBIC Gov. Tadashi Maeda, and Australian Embassy Charge d’Affaires Katrina Cooper jointly said.

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