USAID Announces Four New Public

Nov 25, 2023

For Immediate Release

Office of Press [email protected]

Press Release

Today, as part of the G7-led Partnership for Global Infrastructure and Investment (PGII), USAID is proud to announce four new public-private partnerships under the Digital Invest program to support digital connectivity infrastructure and digital financial services that strengthen open, inclusive, and secure digital ecosystems in emerging markets.

Digital Invest is a blended-finance program that supports fund managers, project developers, and other private sector partners seeking to accelerate sustainable market growth for internet service providers (ISPs) and financial technology companies (fintechs) that reduce the digital divide by serving traditionally excluded communities in developing markets. The program is part of the U.S. Department of State's Digital Connectivity and Cybersecurity Partnership and implemented by USAID in alignment with the Agency's Digital Strategy.

Digital Invest was announced by President Biden in June 2022 as a flagship program under PGII. USAID is leveraging an initial $6.45 million in U.S. government funding to support Digital Invest partners in mobilizing an estimated $455 million in investment capital. To date, Digital Invest partners have mobilized over $135 million for new or expanded facilities and have invested in 35 portfolio companies across 27 countries.

This year, USAID will launch the following new partnerships, expanding and diversifying the Digital Invest portfolio with new, innovative approaches to support digital infrastructure and service providers in developing markets:

Those seeking to partner with USAID can learn more about this year's call for concepts under USAID's Global Development Alliance APS, including eligibility and application instructions, with additional questions directed to the Digital Invest team at [email protected].