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
Article and News Disclaimer
The information provided on www.serrarigroup.com is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
www.serrarigroup.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
In no event will www.serrarigroup.com be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.
The articles, news, and information presented on www.serrarigroup.com reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.
The content on www.serrarigroup.com may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, www.serrarigroup.com takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.
By using www.serrarigroup.com, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website.
www.serrarigroup.com, reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.
Serrari Group 2023
