US International Development Finance Corporation

Extracted Attributes

• CEO

  Benjamin Black

• Type

  Independent U.S. Government Agency

• Headquarters

  1100 New York Ave NW, Washington, DC 20527, USA

• Financial Tools

  Loans, loan guarantees, direct equity investments, political risk insurance, technical assistance, and feasibility studies

• Priority Sectors

  Energy, healthcare, critical infrastructure, technology, and critical minerals

• Strategic Priorities

  Women's empowerment, innovation, climate change, and investment in West Africa and the Western Hemisphere

• Authorizing Legislation

  Better Utilization of Investments Leading to Development (BUILD) Act of 2018

• Predecessor Organizations

  Overseas Private Investment Corporation (OPIC) and USAID's Development Credit Authority (DCA)

Timeline

• The BUILD Act is signed into law, authorizing the creation of the DFC. (Source: Wikipedia)

  2018-10-05

• The DFC is officially established and becomes operational through the merger of OPIC and DCA. (Source: Wikipedia)

  2019-12-20

• DFC intervenes to underwrite shipping risks in the maritime insurance market during the War with Iran (Operation Epic Fury) after Lloyd's of London faced skyrocketing risks. (Source: Document 438752eb-c1ba-4151-9c9e-66c99d9bc9fd)

  2024-01-01

• The Ukraine Reconstruction Investment Fund, a DFC initiative, is scheduled to begin its first investments. (Source: Web Search (LinkedIn))

  2026-01-01

U.S. International Development Finance Corporation

The United States International Development Finance Corporation (DFC) is a development finance institution and agency of the United States federal government. DFC invests in development projects primarily in lower and middle-income countries. First authorized on October 5, 2018, by the BUILD Act, the independent agency was formed on December 20, 2019 by merging the Overseas Private Investment Corporation (OPIC) with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID), as well as with several other smaller offices and funds. The DFC provides loans, loan guarantees, direct equity investments, and political risk insurance to support private-sector-led development projects, as well as funding for feasibility studies and technical assistance. DFC invests across several sectors including energy, healthcare, critical infrastructure, and technology, with stated priorities of women's empowerment, innovation, investment in West Africa and the Western Hemisphere, and climate change.

Web Search Results

• U.S. International Development Finance Corporation | LinkedIn

  International Development Finance Corporation (1w): DFC today announced Selam Demissie as its new Regional Managing Director in Kenya during U.S. Deputy Secretary of State Christopher Landau’s visit to the region. This expanded on-the-ground presence strengthens DFC’s ability to identify investment opportunities, respond to market needs, and work closely with the private sector to mobilize capital. It also reflects Kenya’s role as a strategic partner and regional anchor for advancing U.S. economic engagement across East Africa. Through this role, DFC will continue to advance market-driven growth and deepen U.S. economic partnerships by deploying its full suite of financial tools across priority sectors. Read more: [Likes: 316, Comments: 25]; U.S. International Development Finance [...] Reconstruction Investment Fund is now fully operational and preparing for its first investments in 2026. This landmark initiative will focus on energy, critical minerals, and infrastructure — driving Ukraine’s reconstruction while strengthening supply chain resilience for the United States and its allies. As a strategic pillar of the Trump administration’s economic partnership with Ukraine, the Fund leverages American expertise and capabilities to foster long-term growth, stability, and prosperity for both countries. [Likes: 226, Comments: 5]; U.S. International Development Finance Corporation (1mo): New milestone reached on the Lobito Atlantic Railway! DFC’s loan agreement to modernize the railway has been signed — a critical next step in expanding Africa’s mineral transport capacity [...] Serra Verde Group (6d): We are pleased to announce a US$565 million financing from the U.S. International Development Finance Corporation that confirms Serra Verde’s strategic leadership position in the global rare earth industry. Due to our unique Heavy Rare Earth Element product mix, advanced production status, compelling economic profile and track record as a responsible operator with growth options Serra Verde is well placed to provide supply security and enable future growth for downstream US sectors. The funds raised will enable us to refinance existing loan facilities and further optimise our Brazilian operations by expanding capacity, enabling a sustained lower operating cost profile and improving product quality. Thras Moraitis, CEO of Serra Verde, said: “We are grateful for the

• A New Chapter for the U.S. International Development Finance ...

  The U.S. International Development Finance Corporation (DFC) is entering its next phase in its operation with the confirmation of its new CEO, Benjamin Black, and upcoming reauthorization. Since becoming fully operational in 2019 with the passage of the Better Utilization of Investments Leading to Development (BUILD) Act, the agency has struggled to meet the high expectations of policymakers, investors, and countries eligible for DFC financing. Part of this is due to a lack of understanding among policymakers in how to mobilize private sector capital, which the DFC is tasked to do; the availability of commercially viable and developmental projects; and the appetite for risk in deploying taxpayer money on potentially risky investments overseas. A new CEO and lease on bureaucratic life [...] When the DFC—an organization that brought the former Overseas Private Investment Corporation and U.S. Agency for International Development (USAID)’s Development Credit Authority together—launched in December 2019, Washington saw it as a solution for a myriad of foreign policy and national security problems: offering a legitimate alternative to China’s Belt and Road Initiative (BRI), infusing strategic objectives into investments overseas, and bringing a renewed vision on aid and development. The DFC has provided financing to projects that have addressed these goals, especially on geostrategic competition and strengthening supply chains. For example, the agency provided $30 million in equity financing to support a mining facility producing nickel and cobalt in Brazil; gave a $553 million [...] producing nickel and cobalt in Brazil; gave a $553 million loan to upgrade and repair 800 miles of railway and a mineral port in the DRC and Angola; and provided $50 million to finance the construction of four data centers in Kenya, Ghana, Morocco, and Libera.

• U.S. International Development Finance Corporation (DFC)

  Housingprojects have constructed more than 60,000 affordable homesand have provided more than 200,000 home mortgages, the majority of which were first-time homeowners. Waterinfrastructure projects are producing over 150 billion liters of watereach year, the equivalent of more than 260 billion bottles. SMEand microfinance clients are providing access to finance to over 10 million SMEand microfinance borrowers. How is the DFC different from what China offers? ― The DFC will advance private-sector-led development, resulting in projects that adhere to high standards and are financially viable over the long haul. Contracts are transparent, financing is sustainable, economic and social impacts are properly assessed, and projects help the local economy in many ways. [...] By U.S. Embassy Haiti 11 MINUTE READ Investing in Haiti The U.S. International Development Finance Corporation (DFC) offers innovative financial solutions to support private investors through debt financing, political risk insurance, equity investment, and supporting private equity investment funds. The DFC prioritizes low-income and lower middle-income countries, where its services will have the greatest impact. By mobilizing private capital to help solve critical development challenges. The DFC advances U.S. foreign policy, and catalyzes revenues, jobs and growth opportunities both at home and abroad. The DFC was established by the BUILD Act as the successor to the Overseas Private Investment Corporation and USAID’s Development Credit Authority. Products Debt Finance [...] Does your project maintain private sector control?(less than 50% government ownership) Does your project advance development?DFC helps American businesses invest in emerging markets where private capital is needed to address critical development challenges such as access to finance, infrastructure, agriculture, healthcare, and energy. Have you sought private sector financing?DFC does not compete with private sector lenders. If a private sector lender is willing to provide financing for a project on commercially viable terms, then DFC encourages the project sponsor to use a private sector provider. Are the project sponsors contributing an adequate level of equity to the project?Minimum required owner equity at time of financing is between 20-25%.

• U.S. International Development Finance Corporation - MFAN

  In addition to merging the Overseas Private Investment Corporation (OPIC) with USAID’s Development Credit Authority, the BUILD Act gave the DFC several powerful new tools in order to live up to its mandate as the U.S. government’s premier international development finance agency and a critical partner in America’s foreign policy tool kit. These include the authority to make equity investments; increased flexibility in financing arrangements; a doubling of the exposure cap; and technical assistance capacities. The BUILD Act also provided the agency with a stronger mandate to prioritize developmentally impactful projects in low-income and lower-middle income countries, as well as significant new accountability and risk management requirements. [...] For the DFC (and its predecessor OPIC) project level information has not typically been published, making it challenging to assess the impact of U.S. investments. Information that should be disclosed includes data on development impact (including anticipated and actual development impact), mobilization of private resources, adherence to environmental, social, and governance (ES&G) standards, the impact of financial intermediary sub-investments, and all evaluations. Disclosure of such information allows for better learning and coordination among development finance institutions and the private sector. It is also essential to understanding how DFC’s investments are – or are not – advancing the development mandate of the DFC. [...] International Affairs budget. Additionally, any funds the DFC receives as a result of re-payment of DFC’s equity investments must be permitted to return to the DFC’s Corporate Capital Account at the U.S. Treasury so that the agency may continue to utilize the funds for future investment projects.

• DFC Board Approves New Investments, Bolstering Regional ...

  ### The U.S. International Development Finance Corporation (DFC), established in 2019 with bipartisan support under President Trump, is the international investment arm of the U.S. Government. DFC partners with the private sector to advance U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, and advanced technology — fostering economic development, supporting U.S. interests, and delivering returns to American taxpayers. DFC - U.S. International Development Finance Corporation Stay connected with DFC news and updates! U.S. International Development Finance Corporation 1100 New York Ave NW, Washington, DC 20527 Info@dfc.gov | +1 (202) 336-8400 [...] DFC - U.S. International Development Finance Corporation ## Main navigation ## DFC Top Menu - Media items # DFC Board Approves New Investments, Bolstering Regional Stability, Economic Prosperity, and Critical Mineral Supply Chains WASHINGTON, D.C. – The U.S. International Development Finance Corporation (DFC) Board of Directors today approved new strategic investments to strengthen U.S. critical mineral supply chains, bolster energy security, and reinforce sovereignty and stability among key allies and partners. The transactions reflect DFC’s continued use of private capital as a core instrument of American economic statecraft.