The US International Development Finance Corporation (DFC) is considering a change to its current ban on financing projects with a nuclear reactor, a relic holdover policy from its predecessor agency OPIC.
CGD Policy Blogs
The DFC has three mandates: (1) deliver development outcomes, (2) support US foreign policy, and (3) don’t lose money by financing only commercially viable projects. DFC’s predecessor agency, the Overseas Private Investment Corporation (OPIC), sometimes struggled to balance these (often conflicting) goals.
Think tanks are supposed to float new ideas to make government work better. One such crazy idea that started with Ben Leo and me turned into the US International Development Finance Corporation (DFC). How did this possibly happen? And what might we learn from this experience?
The new US International Development Finance Corporation has barely opened its doors—and its original mandate is already under siege.
Global health campaigns should absolutely leverage prominent politicians and celebrities to promote outcomes in the public interest, but they should not be allowed to cleanse the sins of tyrants and torturers. Harvard, you can do better.
USDFC Monitor: Why Is the White House Scuttling its Biggest Development Win? Four Hidden Daggers Pointed at the Heart of the New USDFC
The BUILD Act is a remarkable bipartisan effort to modernize the US development finance toolkit. So why is the White House gutting the most important features of the new agency?
ExxonMobil announced the discovery of two more massive oil fields off the coast of Guyana last month. If back-of-the-envelope estimates of around $5 billion of oil revenue per year are correct, that equates to around $6,410 USD per person—far more than the current GDP per capita of $4,655 USD. This wall of cash could be transformative or it could create a rash of new problems.
For the past 18 months, CGD has incubated the Energy for Growth Hub, a new initiative dedicated to the idea that energy should be an enabler, not a barrier, to human potential. The Hub is now ready to fly on its own.
Now that JB is back home, what next? She’s running again as the only woman among five major presidential candidates in the May 2019 elections.
Mobile phones provide a useful insight for energy: not that you can leapfrog a modern power system, but that most energy use happens out of sight. In fact, less than 1% of the energy needed for a smartphone is used by the phone.