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Blog Post
August 25, 2022
The existing MCC income cutoff is based on the robust principle that the best buys in global development are concentrated in the world’s poorest countries. (Indeed, when the Corporation started, it only worked in low-income countries for that reason). There is a declining marginal utility of a dolla...
Blog Post
March 22, 2021
The Biden administration and the Congress rightly went big in the recently passed American Rescue Plan at a time of tremendous need. The package was appropriately focused on the domestic side, but it did not neglect the rest of the world. One might reasonably ask then why $1 billion or $2 billi...
Blog Post
January 19, 2021
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...