Trump aides circulate plan for complete revamp of foreign aid programs

— Placing the Millennium Challenge Corporation and the U.S. Trade and Development Agency under the auspices of the U.S. International Development Finance Corporation. The combined entity would focus on promoting private sector investment, especially in areas such as infrastructure, energy and technology. The document says the new approach would be a powerful counterweight to China’s Belt and Road Initiative, which Beijing has used to gain economic and diplomatic footholds in many countries.

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