THE US International Development Finance Corp. (DFC) said it has listed down an initial pipeline of projects under the Luzon Economic Corridor and is seeking additional investment opportunities.
The DFC bankrolls private-sector projects in developing countries to promote economic growth while advancing US foreign policy and national security interests.“We’ve identified a bunch of potential projects for financing and are looking for more,” DFC Chief Policy Officer Caroline Vik said in a statement.Consultations have been made with the Maharlika Investment Corp., the National Security Council, the Bases Conversion and Development Authority, and other stakeholders to align US investment priorities with those of the Philippine government.Discussions focused on infrastructure and energy transition projects, including transport corridors, bridges, ports, railways, airports, power generation, grid modernization, critical mineral processing and subsea cable deployment, the DFC said.Vik noted that it is working with the United States State Department to advance the Pax Silica economic zone and stands ready to provide support as the project progresses.She said the DFC has no funding cap, provided projects are commercially viable and aligned with its priorities, which include energy, critical minerals, transport and digital infrastructure, financial services, health care and agriculture.“It’s a high priority for us to engage very heavily, so we’re building out a strong pipeline,” Vik said.She emphasized that while the DFC works closely with governments to identify priorities, it invests primarily through private-sector partners rather than lending directly to governments. It may also finance state-owned enterprises in some cases.
