In a significant move towards fostering a deeper global alliance, the United States has announced a substantial investment of $600 million in private investments and infrastructure development in Africa. This announcement was made by David Greene, the Chargé d’Affaires of the U.S. Embassy in Nigeria, during an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday.
The disclosure comes amid increasing efforts by countries to forge global alliances, seeking alternative economic trade routes independent of traditional Western systems. Speaking on this matter, Greene emphasized the sovereign rights of every nation to choose its relationships and affiliations with various organizations and multilateral groups.
“We believe that any multilateral gathering should uphold the principles outlined in the UN Charter, emphasizing territorial integrity and respect for sovereignty,” stated Greene. He stressed the importance of multilateral groups aligning with the universal declaration of human rights to enhance the functioning of individual states and contribute to the success of countries in meeting the aspirations of their people.
President Joe Biden’s administration has consistently expressed its commitment to deepening ties with Africa. Greene underscored that the U.S. aims to strengthen relations with Africa, particularly with Nigeria, and enhance global partnerships.
Describing global alliances as a means for countries to collaborate and advance their development goals, Greene noted, “We believe that alliances and coalitions in international relations can truly help move the world forward in a better direction, especially in our engagement with Africa.”
Addressing the issue of the BRICS (Brazil, Russia, India, China, and South Africa), Greene emphasized that the U.S. has established robust people-to-people ties across the African continent. He highlighted ongoing efforts to deepen economic engagement and promote African voices on the global stage.
“We rallied the G-20 to include the African Union in the most recent G-20 meeting in India. We are working with partners to unlock $200 billion in World Bank and IMF resources to address common challenges,” Greene explained. Additionally, he revealed plans to unlock $600 million in private investments and infrastructure development over the next few years as part of the U.S.’s global partnership for infrastructure investment.
photo (By NAN)
December 4, 2023
By: Delino Gayweh
Serrarri Financial Analyst
