Today, Secretary of State Michael R. Pompeo delivered remarks at the Three Seas Initiative Virtual Summit hosted by the Government of Estonia. The Three Seas Initiative aims to boost economic prosperity through north-south connectivity between the Baltic, Adriatic, and Black Seas.
Secretary Pompeo reaffirmed U.S. support for the 12 Three Seas member states’ efforts to expand energy, digital, and transportation infrastructure in a way that will improve economic security for generations to come. Secretary Pompeo noted that a well-financed, action-oriented Three Seas Initiative Fund can help member states emerge from the pandemic by stimulating employment and growth and attracting private sector investment. Secretary Pompeo highlighted that earlier this year the United States committed to investing up to $1 billion toward Three Seas energy projects through the U.S. International Development Finance Corporation. Secretary Pompeo commended the Three Seas Initiative’s commitment to transparency, accountability, and financial sustainability in public infrastructure, as reflected in Blue Dot Network principles.