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MANILA, Philippines – The US International Development Finance Corp. (DFC) has expressed interest in financing major American-backed projects in the Philippines, including the planned Pax Silica hub in New Clark City and the Luzon Economic Corridor (LEC).
This comes as the DFC—the US government’s international investment arm—recently secured an expanded investment capacity of $205 billion, which it can deploy through loans, equity investments, political risk insurance and other financing tools for private sector projects.
READ: 50 firms keen on PH ‘Pax Silica’ hub
At a media briefing on Wednesday, DFC chief policy officer Caroline Vik said the agency was “excited” to support both the Pax Silica hub and the LEC, which she noted had generated “a lot of enthusiasm” in the Philippines.
