MEMORANDUM FOR THE HEADS OF Govt DEPARTMENTS AND Businesses
Issue: Partnership for World-wide Infrastructure and Investment
By the authority vested in me as President by the Structure and the legal guidelines of the United States of The united states, and to establish my Administration’s plan and approach to executing the Partnership for Global Infrastructure and Investment (PGII), it is hereby ordered as follows:
Portion 1. Policy. Infrastructure is critical to driving a society’s efficiency and prosperity. When done effectively, infrastructure connects staff to great employment enables corporations to increase and thrive facilitates the delivery of crucial solutions generates options for all segments of society, such as underserved communities moves items to markets permits quick facts-sharing and interaction protects societies from the results of climate improve and community well being crises or other emergencies and supports world wide relationship amongst nations. Infrastructure will come in many types and sizes, from the significant-scale strength techniques that electricity inclusive economies, to the local health care networks that add to international health safety, to the variety of progressive infrastructure produced by means of investments from money establishments and compact- and medium-sized enterprises. My Administration is building an urgent, as soon as-in-a-generation investment in domestic infrastructure that will develop employment, enable deal with the local weather crisis, and assistance the Country recuperate from the coronavirus ailment 2019 (COVID-19) pandemic –– and the identical aim is needed all over the world.
Internationally, infrastructure has extensive been underfunded, with in excess of $40 trillion in estimated need to have in the producing earth –– a want that will only maximize with the local weather disaster and populace expansion. Many reduced- and middle-revenue international locations lack sufficient entry to higher-top quality funding that meets their prolonged-phrase infrastructure expense needs. Too typically, financing alternatives absence transparency, gas corruption and bad governance, and make unsustainable financial debt burdens, generally major to initiatives that exploit, instead than empower, staff exacerbate challenges faced by vulnerable populations, these as forced displacement degrade purely natural assets and the setting threaten financial stability undermine gender equality and human rights and place inadequate target on cybersecurity best methods — a failure that can lead to susceptible facts and communications technological know-how networks.
The underinvestment in infrastructure is not just economic, but also technical. Delivering high-high-quality infrastructure in minimal- and middle-money international locations have to consist of supporting to build and enhance the necessary institutional and plan frameworks, regulatory surroundings, and human potential to guarantee the sustainable delivery of companies to communities defining sturdy engineering, environmental, social, governance, and labor criteria and structuring projects to catch the attention of personal financial commitment. Through the PGII, the United States and like-minded partners will emphasize significant-requirements and excellent investments in resilient infrastructure that will push position generation, safeguard towards corruption, guarantee regard for workers’ businesses and collective bargaining as permitted by nationwide regulation or very similar mechanisms, support inclusive financial restoration, tackle challenges of environmental degradation, endorse strong cybersecurity, promote techniques transfer, and defend American financial prosperity and nationwide stability. The PGII will also advance values-driven infrastructure enhancement that is carried out in a transparent and sustainable method — economically, environmentally, and socially — to lead to better results for recipient countries and communities.
There is bipartisan assistance for worldwide infrastructure enhancement. The Congress handed the Much better Utilization of Investments Primary to Enhancement Act of 2018 (Establish Act) (Division F of Public Regulation 115-254, 132 Stat. 3485) with bipartisan guidance to mobilize personal-sector pounds to support economic development in reduced- and middle profits international locations, which can incorporate assistance for tasks to build infrastructure, making very first-time obtain to energy, starting enterprises, and creating careers. The Develop Act institutionalized the United States’ determination to private sector–funded advancement by developing the United States Intercontinental Improvement Finance Corporation (DFC), authorized a greater exposure cap for the DFC than the publicity cap for the previous Overseas Private Investment decision Company, and delivered new resources to have interaction entrepreneurs and traders to aid minimal- and middle-cash flow nations around the world entry personal methods to produce economic advancement. These investments enable guarantee that our partners are more powerful, make opportunities for people close to the earth, and reduce the need for foreseeable future United States overseas aid.
In a very similar spirit, in 2018 the Congress handed the AGOA and MCA Modernization Act (Public Legislation 115-167, 132 Stat. 1276), authorizing the Millennium Obstacle Corporation (MCC) to make concurrent regional compacts under specified disorders, which can include things like investments in regional infrastructure. This new authority builds on the MCC’s report of delivering sophisticated infrastructure initiatives that result in the supply of very important services for communities and sustainable, inclusive financial growth. In addition, recognizing the have to have for access to substantial-high quality, reasonable, and clear funding for United States exporters and international purchasers, the Congress also reauthorized the Export-Import Bank of the United States (EXIM) for 7 several years in 2019. The EXIM’s reauthorization laws also took actions to progress American management in transformational exports, which can incorporate guidance for products and products and services vital for open, safe, dependable, and interoperable information and communications know-how.
The United States and its companions have a prolonged historical past of offering superior-high-quality funding and specialized assist for infrastructure initiatives through the earth. However, the deficiency of a extensive strategy for coordinating infrastructure investments with like-minded associates often leads to inefficiencies and missed options for coordinated investments to supply at scale. Greater adaptability, pace, and resources, mixed with expanded inside coordination inside the United States Government, will deliver alternatives for the United States Authorities and United States businesses to greater meet the infrastructure needs of small- and center-income nations around the world close to the environment. At the exact time, higher coordination with G7 and other like-minded companions will maximize efficiency and catalyze new financing to advance a shared eyesight of values pushed, higher-quality, and sustainable infrastructure about the world.
4 important priorities relating to infrastructure will be specially significant for sturdy advancement in the coming decades: climate and electricity stability, electronic connectivity, wellness and well being stability, and gender equality and equity. Economic prosperity and competitiveness will mostly be driven by how nicely international locations harness their digital and technological innovation sectors and transition to thoroughly clean vitality to offer environmentally sustainable and broadly shared, inclusive growth for their men and women. Countries not only will require new and retrofitted infrastructure, protected clean up power provide chains, and safe accessibility to significant minerals and metals to aid energy entry and transitions to clear electrical power, but also will want significant investments in infrastructure to make communities extra resilient to numerous threats, from pandemics to destructive cyber actors, to the raising outcomes of local climate modify. Further, the COVID-19 pandemic has highlighted the unequal infrastructure desires in the developing earth and has disproportionately influenced minimal- and center-earnings international locations and regions, specially with respect to the health and fitness sector. In the developing entire world, the pandemic has also established again the economic participation of gals and members of underserved communities and has reversed many years of development towards ending poverty, with world wide excessive poverty soaring for the first time in more than 20 many years because of to COVID 19. The pandemic has highlighted the need for expanded investments in and higher-quality funding for strengthened health and fitness units to both of those battle the existing pandemic and put together for long run well being crises.
It is thus the coverage of the United States to catalyze global infrastructure funding and progress by way of the PGII, which is built to offer lower- and middle-earnings nations around the world a comprehensive, transparent, values-pushed funding choice for infrastructure growth to progress local weather and power protection, digital connectivity, health and fitness and well being protection, and gender equality and fairness priorities. The PGII will mobilize public and private sources to fulfill essential infrastructure desires, although boosting American competitiveness in global infrastructure improvement and making very good work opportunities at household and abroad. In this hard work, the United States is functioning in close partnership with G7 and other like-minded partners toward infrastructure financing and infrastructure enhancement that are sustainable, thoroughly clean, resilient, inclusive, and transparent, and that adhere to superior specifications.
Sec. 2. Approach. In order to fulfill the monumental infrastructure desires in the creating environment, a new tactic to worldwide infrastructure improvement that emphasizes high-requirements financial investment is desired. To meet this obstacle and seize this prospect, the PGII must:
(a) partner with reduced- and center-income nations around the world to finance infrastructure throughout vital sectors that improvements the four critical priorities significant to sustainable, inclusive growth: climate and electricity security, digital connectivity, well being and overall health security, and gender equality and equity
(b) promote the execution of initiatives in a timely style in session and partnership with host international locations and community stakeholders to meet up with their priority needs and prospects, balancing both shorter- and for a longer time-time period priorities
(c) pursue the dual ambitions of advancing prosperity and surmounting global challenges, which includes the weather crisis, by the growth of thoroughly clean, climate-resilient infrastructure that drives job development, accelerates clean energy innovation, and supports inclusive economic recovery
(d) support the policy and institutional reforms that are key to creating the problems and capability for seem jobs and long lasting benefits and to attracting personal financing
(e) boost the competitiveness of the United States by supporting firms, like small- and medium-sized enterprises in abroad infrastructure and know-how growth, therefore building work and economic progress listed here at household
(f) advance transparency, accountability, and effectiveness metrics to allow evaluation of no matter if investments and tasks deliver outcomes and are responsive to nation requires, are fiscally sound, and fulfill a higher conventional
(g) mobilize personal cash from the two the United States private sector and the personal sector in partner countries
(h) build upon associations with intercontinental monetary institutions, such as the multilateral growth banking companies (MDBs), to mobilize money
(i) focus on tasks that can bring in complementary non-public-sector financing and catalyze further market place exercise to multiply the positive affect on economies and communities
(j) coordinate resources of bilateral and multilateral growth finance to improve the capacity to satisfy infrastructure wants and aid the implementation of high expectations for infrastructure financial commitment
(k) uphold significant standards for infrastructure investments and procurement, which safeguard versus bribery and other varieties of corruption, far better address local climate pitfalls and hazards of environmental degradation, promote expertise transfer, create good careers, mitigate challenges to vulnerable populations, and boost long-phrase financial and social gains for economies and communities and
(l) align G7 and other like-minded companions to coordinate our respective ways, financial investment conditions, know-how, and resources on infrastructure to advance a typical eyesight and better fulfill the demands of small- and center-revenue international locations and areas.
Sec. 3. Execution. (a) A full-of-government solution is vital to fulfill the problem of international infrastructure growth, with executive departments and companies (agencies) operating with each other with like minded companions. The Particular Presidential Coordinator for the Partnership for Worldwide Infrastructure and Expenditure shall be accountable for overseeing the entire-of-govt execution of these initiatives and serving as the central node for United States coordination between the G7, as well as with other like-minded associates, the personal sector, and other external actors. While certain traces of hard work and initiatives may well each individual have agency leads, such as on sourcing vital minerals or identifying trustworthy 5G and 6G sellers, total-of-govt guidelines really should be resolved via the Coordinator.
(b) Agencies shall, constant with applicable legislation and obtainable appropriations, prioritize assistance for the PGII and make strategic investments throughout the PGII’s crucial priorities of weather and strength protection, electronic connectivity, health and fitness and health protection, and gender equality and equity.
(c) The PGII shall be executed by way of the subsequent vital implementation efforts:
(i) The Assistant to the President for Countrywide Safety Affairs (APNSA), via the interagency process identified in Nationwide Stability Memorandum 2 of February 4, 2021 (Renewing the Countrywide Protection Council Procedure) (NSM-2), shall post a report to the President in just 180 days of the day of this memorandum. The report shall consist of suggestions on United States Government steps to boost the competitiveness of the United States in global infrastructure progress, and to increase coordination on worldwide infrastructure enhancement across appropriate organizations.
(ii) The Secretary of Condition, the Secretary of the Treasury, the Secretary of the Interior, the Secretary of Commerce, the Secretary of Labor, the Secretary of Health and Human Providers, the Secretary of Transportation, the Secretary of Power, the Administrator of the United States Company for Intercontinental Enhancement (USAID), and the heads of other related agencies shall prioritize programming consistent with the plan and strategy described in sections 1 and 2 of this memorandum to help well timed shipping and delivery of international infrastructure growth, significantly throughout the PGII’s four critical priorities, as appropriate and regular with their respective authorities. The Main Government Officer (CEO) of MCC, the CEO of DFC, the President of EXIM, the Director of the Trade and Advancement Company (TDA), and the heads of other suitable impartial companies are encouraged to follow this similar line of energy, as suitable and consistent with their respective authorities.
(iii) The Secretary of Point out shall direct Chiefs of Mission to use all acceptable equipment and to develop coordination mechanisms –– which includes as a result of Embassy Offer Teams –– to deal with host region strategic infrastructure demands in the PGII’s 4 crucial priority places.
(iv) The Secretary of Point out and the Secretary of Commerce, in consultation with the Secretary of Overall health and Human Products and services, the Secretary of Energy, the Administrator of USAID, the CEO of MCC, the CEO of DFC, the President of EXIM, and the Special Presidential Coordinator, shall build a tactic for utilizing Embassy Offer Teams to detect likely precedence infrastructure projects for the PGII and refer promising alternatives to applicable businesses for thought, based on each and every agency’s strengths and authorities.
(v) The Secretary of Point out, by the Particular Presidential Coordinator and in consultation with the heads of other suitable businesses, shall coordinate diplomatic engagements to expand the PGII outside of the G7 to carry increased methods and opportunities for partnership.
(vi) The Secretary of Point out, by means of the Exclusive Presidential Coordinator and in consultation with the Secretary of the Treasury, the Secretary of Commerce, the Secretary of Labor, the Secretary of Health and fitness and Human Solutions, the Secretary of Transportation, the Administrator of the Environmental Safety Agency, the Administrator of USAID, the CEO of MCC, and the CEO of DFC, shall guide interagency endeavours about worldwide coordination on infrastructure advancement expectations and metrics, which include on labor and setting, and certification mechanisms, like through the Blue Dot Network.
(vii) The Secretary of Commerce, in consultation with the Administrator of the Compact Enterprise Administration, the President of EXIM, the Director of TDA, and the Specific Presidential Coordinator, shall establish and put into action a strategy to increase the competitiveness of the United States and endorse the use of United States machines and companies in worldwide infrastructure growth.
(viii) The Secretary of the Treasury, in consultation with the Secretary of Point out, the CEO of MCC, the CEO of DFC, and the Specific Presidential Coordinator, shall establish and employ a strategy to catalyze non-public-sector investment and guidance very low- and center money countries across the PGII’s 4 vital precedence places.
(ix) The Secretary of the Treasury, in consultation with the Secretary of Point out, the Secretary of Commerce, the Secretary of Well being and Human Providers, the Administrator of USAID, and the Specific Presidential Coordinator shall acquire a plan for participating the MDBs to foster large-high-quality infrastructure expense and greater personal-capital mobilization for lower- and middle-income countries, and shall coordinate with like-minded companions in the plan’s execution. The CEO of DFC, in session with the Secretary of Condition, the Secretary of the Treasury, the Administrator of USAID, and the Exclusive Presidential Coordinator, is inspired to produce a strategy to greatly enhance engagement with national and global progress finance institutions to improve private-cash mobilization.
(x) The Secretary of Transportation, in consultation with the heads of other applicable companies, shall establish and put into action a system to endorse large-excellent, sustainable, and resilient transportation infrastructure in small- and middle-income nations around the world, which include by means of the launch of a in depth toolkit for countrywide, subnational, and multilateral companions that emphasizes ideal methods in scheduling, finance, project shipping and delivery, safety, and routine maintenance.
(xi) The APNSA, as a result of the interagency method determined in NSM-2 and in coordination with the Director of the Business office of Administration and Budget, shall detect potential legislative and administrative steps that could improve the skill of United States financial growth and guidance, advancement finance, and export credit score equipment to meet worldwide infrastructure enhancement requirements.
(xii) The APNSA, by way of the interagency system discovered in NSM-2, shall guide biannual testimonials to observe the progress, metrics, and outcomes of the PGII’s investments and initiatives detect strategic chances across the PGII’s 4 important priorities and make certain that the execution of the PGII aligns with, and supports, broader strategic United States national stability and economic aims and values, which include by supporting United States providers in global infrastructure progress.
Sec. 4. Definition. For purposes of this memorandum, “agency” implies any authority of the United States that is an “agency” below 44 U.S.C. 3502(1), other than 1 considered to be an impartial regulatory agency, as defined in 44 U.S.C. 3502(5). “Agency” also usually means any component of the Govt Workplace of the President.
Sec. 5. General Provisions. (a) Nothing in this memorandum shall be construed to impair or normally have an impact on:
(i) the authority granted by law to an government office or agency, or the head thereof or
(ii) the functions of the Director of the Workplace of Administration and Funds relating to budgetary, administrative, or legislative proposals.
(b) This memorandum shall be applied constant with relevant law and issue to the availability of appropriations.
(c) This memorandum is not supposed to, and does not, develop any suitable or gain, substantive or procedural, enforceable at legislation or in fairness by any get together in opposition to the United States, its departments, organizations, or entities, its officers, workers, or agents, or any other particular person.
(d) The Secretary of Point out is approved and directed to publish this memorandum in the Federal Sign up.
JOSEPH R. BIDEN JR.