WASHINGTON, DC — The Board of Directors of the U.S. International Development Finance Corporation (DFC) has approved a new $2.5 billion strategic investment package that includes the TRIPP project.
DFC, the U.S. government’s international development finance institution, said the package is aimed at promoting regional peace, strengthening U.S. supply chains, and expanding economic cooperation.
Included in the package is the establishment of the “Trump Route for International Peace and Prosperity” (TRIPP) Development Company.
The joint U.S.-Armenia initiative is designed to support trade, transportation, and economic development while strengthening international, regional, and domestic transportation links.
According to DFC, the project is based on the peace declaration between Armenia and Azerbaijan, as well as the TRIPP framework agreement.
Investments will focus on developing key infrastructure, including railways, highways, pipelines, and fiber-optic networks.
“These transactions reflect a shift in DFC’s strategic priorities,” DFC Chief Executive Officer Ben Black said.
He noted that the approved investments will help develop critical infrastructure in Southeast Asia, increase U.S. access to strategic minerals, and build the flagship TRIPP initiative in support of peace.
According to Black, DFC operates as a world-class financial institution, while “American prosperity guarantees a new era of strength, growth, and goodwill for U.S. partners.”