October 28, 2020
WASHINGTON – A U.S. government delegation, led by U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler, visited Indonesia, Vietnam, and Myanmar October 22-27 to explore investment and trade opportunities in the Indo-Pacific region.
Boehler was joined by President and Chairman of the Export-Import Bank of the United States Kimberly Reed, Under Secretary of the Treasury for International Affairs at the U.S. Department of Treasury Brent McIntosh, Acting Under Secretary for International Trade at the U.S. Department of Commerce Joseph Semsar, and Principal Deputy Assistant Secretary for the Office of International Affairs at the U.S. Department of Energy Matt Zais.
While in Indonesia, Boehler met with senior officials on legal and regulatory reforms pursued by the government of President Joko Widodo to improve the investment environment in Indonesia, the world’s fourth most populous country. Boehler underscored DFC’s commitment to catalyzing private sector investment that advances Indonesia’s ambitious infrastructure and development goals. The delegation also joined a roundtable with young entrepreneurs to discuss venture opportunities in Indonesia’s innovation economy.
In Vietnam, Boehler was received by Prime Minister Nguyễn Xuân Phúc for their second meeting this year to advance promising infrastructure projects, especially in Vietnam’s energy sector. The delegation met with senior Vietnamese economic officials to explore increased cooperation in support of regional development, economic growth, and stability. The two sides discussed the importance of balancing bilateral trade.
On the delegation’s final stop in Nay Pyi Taw, Boehler met with Myanmar State Counsellor Aung San Suu Kyi and underscored the U.S. commitment to invest in Myanmar’s economic development to provide a strong foundation for the country’s continued democratization and integration into the global economy. The delegation joined key economic officials, including the Minister of Planning, Finance, and Industry and Minister for Investment and Foreign Economic Relations, to learn about the government’s infrastructure and development priorities to bring opportunity and prosperity to the people of Myanmar. Members of the delegation also met with business leaders from the American Chamber of Commerce to discuss ways to improve market access and increase investment in Myanmar.
The trip occurred directly before the third annual Indo-Pacific Business Forum in Hanoi, Vietnam. The Indo-Pacific is a priority investment region for DFC. This was Boehler’s second visit to the region, underscoring DFC’s commitment to supporting economic growth, development, stability, and prosperity for the region. The agency is committed to collaborating with partners and allies across the Indo-Pacific to set high standards for development and promote a model that empowers countries by building a strong foundation for lasting prosperity and security.
U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.