The provision of matching capital to private-sector investors is one of the primary strategies the agency intends to leverage, according to the RFI. USAID also will subsidize the insurance policies of the investors, partly shifting investment risks onto U.S. taxpayers.
The Obama administration is launching a program with the ambitious goals of sparking business investment, reducing investment risks, and creating and sustaining new jobs.
However, the beneficiaries are Middle Eastern and North African nations, not workers in the United States, WND has discovered.
The MENA Investment Initiative, or MENAII, “will provide needed support to early stage businesses in order to create and sustain jobs,” according to a Request for Information, or RFI, that WND discovered via routine database research.
The U.S. Agency for International Development issued the RFI to determine which companies already have a presence in the region. Responses to the RFI will enable USAID to assess the capability of such firms to help USAID administer the program.
The provision of matching capital to private-sector investors is one of the primary strategies the agency intends to leverage, according to the RFI.
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