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Critical Minerals Order Could Derail $50 Billion in Global Development Projects

Robert Mosbacher, an adviser to the U.S. International Development Finance Corporation (DFC), is pushing back against President Trump’s plan to use the agency for domestic mineral production.

Trump’s March 20 executive order, which invoked emergency powers to boost critical minerals production, has raised concerns among development experts who fear DFC might abandon its international commitments.

These concerns are amplified by Trump’s $76 billion cut to USAID project funding and his nomination of Ben Black as DFC’s new CEO, who has criticized the agency’s support for green projects.

The DFC currently manages a $50 billion portfolio of global development projects spanning food security, energy, healthcare, and infrastructure, with over 70% of funding directed to lower-income nations. Any significant policy changes may face resistance given the broad bipartisan support for DFC’s current mandate.

Original Source: Yahoo Finance

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