OPIC

When Congress created the US International Development Finance Corporation (DFC) through the BUILD Act in 2018, it gave the new agency authority to make equity investments in funds and firms in developing country markets, building on the traditional lending programs of DFCs’ predecessor agency, OPIC...

The US International Development Finance Corporation has become a Rorschach test for the policy community: when they look at it, everyone sees something different.

Last week DFC announced that it signed a framework agreement with the government of Ecuador to refinance up to $3.5 billion of the country’s external debt to China. In exchange, according to reporting by the Financial Times, the Ecuadorian government will commit to exclude Chinese companies from its...

Last week, DFC held its fourth and final board meeting concluding its first year in operation.  DFC approved close to $8 billion in 2020, a significant rise from OPIC annual program which stood at $3-4 billion in recent years. This year the institution also deployed its new equity instrument to...

The Biden administration has a unique opportunity to push the new agency towards a greener mandate which could help mobilize billions more in climate finance. Here are a few pathways incoming DFC leadership could consider.

While reflecting on DFC’s progress in implementing its core development mandate, and confronting the challenges posed the COVID-19 pandemic, we reached out to Senator Chris Coons (D-DE), a lead sponsor of the BUILD Act and a member of the Senate Foreign Relations Committee. We asked Senator Coons fo...

In this monitor, we look at how the latest batch of projects help shift DFC’s overall portfolio balance towards lower-income markets and examine the agency’s COVID-19 response so far which remain largely focused on the provision of liquidity to financial intermediaries.