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Bulgaria Welcomes US Decision to Participate in Three Seas Initiative with USD 300 Million - Novinite com

Three Seas Initiative in 2021, Bulgaria welcomed the decision of the Board of United States International Development Finance Corporation to participate in the Investment Fund with 0 million, the Foreign Ministry reported. Thus, the capital of the Three Seas Fund exceeds EUR 1.2 billion. The decision, made at the suggestion of US Secretary of State Mike Pompeo, is an important step by which the United States reaffirms its strong support for the Initiative, Bulgaria‘s Foreign Ministry said. The funds are allocated for the development of cross-border energy infrastructure in Central and Eastern Europe. In September this year, our country committed itself to participate with a contribution of € 20 million for the Investment Fund of Three Seas.

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