The new US International Development Finance Corporation (DFC), the successor to the Overseas Private Investment Corporation, will be a major player in global development finance.
A full 879 days into the Trump administration—more than 500 with a nominee awaiting confirmation —and following five changes in acting leadership with four different acting agency heads, the Millennium Challenge Corporation finally has a new CEO.
In the biggest step forward in US development policy since the creation of the Millennium Challenge Corporation and PEPFAR, Congress approved legislation to establish a new, modernized US development finance agency.
