USA lifts ban on funding nuclear energy projects abroad

The American development bank Development Finance Corporation (DFC) changed its policy following a 30-day public consultation period, and it will allow funding for nuclear energy projects abroad. The DFC cooperates with the private sector to finance solutions to challenges facing developing countries. The DFC invests across a range of sectors. Its policy and rules had previously categorically prohibited it from investing in the production of, or trade in, radioactive materials, including nuclear reactors and their components. That represented a barrier to the potential export of American reactors and nuclear technology.