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Senators press State Department on DFC, Lobito Corridor and paused MCC compacts
Summary
At a Senate hearing, lawmakers questioned Ambassador Fittrell about the Development Finance Corporation's role, the Lobito Corridor project, and at least seven paused Millennium Challenge Corporation compacts; senators pressed for faster disbursement and legal fixes for DFC.
Senators at the Foreign Relations Committee subcommittee hearing on China in Africa pressed Ambassador Fittrell and asked detailed questions about U.S. development finance instruments and specific projects, including the Lobito Corridor.
Ambassador Fittrell described the Development Finance Corporation (DFC) as a "tremendous catalyst" for projects such as the Lobito Corridor, which connects Angola's Atlantic coast toward the eastern Democratic Republic of…
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