The US International Development Finance Corporation (DFC) officially announced it will lift its legacy prohibition on funding nuclear energy projects, recognising the vast energy needs of developing countries and the potential of new and advanced technologies such as small modular reactors and microreactors in these markets.
The DFC, a federal agency, said in a statement that modernising DFC’s nuclear energy policy will help deliver a zero-emission, reliable, and secure power source to developing countries in order to promote economic growth and affordable energy access in underserved communities.
“This change will also offer an alternative to the financing of authoritarian regimes while advancing US nonproliferation safeguards and supporting U.S. nuclear competitiveness,” the statement said.
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