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International Business Times
International Business Times
Business

Trump Kills US Agency Funding Africa Infrastructure

A view in 2012 of the Chalatenango Tech Institute in El Salvador, built with funding by the US Millennium Challenge Corporation with the goal of improving opportunities in the country's poor northern region (Credit: AFP)

President Donald Trump's administration on Wednesday ordered the closure of a US agency that invested billions in African and other developing countries' infrastructure in return for good governance, effectively ceding ground to China.

The Millennium Challenge Corporation (MCC) will immediately exit projects around the world, from building roads to modernizing electricity grids, likely leaving the works under construction unless other partners step in.

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