A planned change that will allow the International Development Finance Corporation, a US federal agency, to support nuclear power projects in developing countries is “a huge step forward” for the country’s nuclear industry and will put pressure on the World Bank to likewise look at its investment policy, the head of the Washington-based Nuclear Energy Institute said.
Maria Korsnick told a webinar on Wednesday that the DFC decision, which is the subject of a public consultation and has not yet been confirmed, will “set a lot of things in motion”.
“It also opens up the Export-Import Bank [the official export credit agency of the US federal government] to an understanding of the importance of investments for nuclear energy across the world,” she said. “It’s very, very significant.”
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