U.S./International Business News

USTDA releases annual report; highlights most extensive year in agency history

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The U.S. Trade and Development Agency issued its annual report for fiscal year 2019, encompassing new sector and regional areas of focus, global success stories, and the Agency’s continuing work to promote American business and quality infrastructure in emerging markets. USTDA is the only federal agency that is Congressionally mandated to engage with the U.S. private sector in infrastructure projects at the critical early stages when design and technology options are drafted, defined and determined.

“This report presents in vivid detail the enduring accomplishments and strategic scope that USTDA is showcasing all around the world,” said Thomas R. Hardy, the Agency’s Acting Director. “2019 was the most impactful and consequential year in our history, and we believe 2020 holds even more promise.”

Specifically, the annual report details USTDA’s investments in its priority sectors of telecommunications, transportation and energy — while also highlighting newer sector priorities of agribusiness and health care. The annual report also includes detailed descriptions of successful partnerships that delivered in every key USTDA region, including specific examples in Brazil, Honduras, Nigeria and Vietnam. Also highlighted are critical programs to the mission of the Agency, including USTDA’s telecommunications initiative Access Africa, the Agency’s leadership of the Administration’s broader Indo-Pacific Strategy and its domestic outreach program, Making Global Local. The annual report also describes the critical role the Global Procurement Initiative and U.S. Gas Infrastructure Exports Initiative play in achieving the mission of the Agency.

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All of this contributed to the Agency’s return on investment: As of 2019, every $1 invested by USTDA delivers $111 in U.S. exports.

“Our approach is paying extraordinary dividends, and every day we are advancing our commitment to leave behind a legacy of quality infrastructure, sustainable growth and equal access to opportunity,” said Hardy.

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