US agency tries to leverage Israel/UAE accords into helping the poor of the entire region

The U.S. International Development Finance Corporation was formed last December from the merger of several other US aid agencies. It is the development finance institution of the United States, responsible for providing and facilitating the financing of private development projects in lower- and middle-income countries, partially as a counter to Chinese development projects worldwide.

Late last month, the DFC issued a press release indicating that it wanted to leverage the Israel/UAE accords to improve life throughout the Middle East:

Building on the historic Abraham Accords, DFC and other delegation members visited Israel to explore opportunities to translate that agreement into tangible initiatives to improve the lives of people across the region. In particular, DFC is pursuing projects with countries such as Israel and the United Arab Emirates that will enhance regional trade, create jobs, increase energy security and reliable access to electricity, and support agriculture and sustainable access to water in the region.

The DFC has a number of Middle East projects, including financing to rehabilitate a gas pipeline from Israeli gas fields to Egypt and a water pipeline from southern Jordan to Amman.

It appears that the DFC wants to help Israel and the UAE offer aid to other Arab countries beyond the aid that the US gives. 

(h/t Irene)

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