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Blog Post
June 13, 2022
This week, the House Foreign Affairs Committee turns its attention to the resourcing needs of the Millennium Challenge Corporation and US International Development Finance Corporation—two agencies that fill distinct functions within the US development architecture. We’ll be listening for lawmakers’ ...
Blog Post
May 04, 2022
The US government wants to fund as many new clean energy projects in Africa as possible, but the pool of bankable utility-scale generation projects is running dry. In 2021, the DFC approved none. To accelerate Africa’s energy transition and scale its clean energy markets, the US needs to focus far m...
BRIEFS
May 03, 2022
Afghanistan’s humanitarian crisis continues to worsen, with the World Food Programme (WFP) reporting that 22.8 million people—more than half the country’s population—are projected to be acutely food insecure in 2022, including 8.7 million at risk of famine-like conditions. Even before the Taliban t...
Blog Post
March 18, 2022
Nearly six months into the fiscal year, Congress finally delivered an FY22 spending bill last week. But even after stalled negotiations prompted worries that lawmakers would be unable to reach a deal at all, the final measure is something of a disappointment—failing to deliver sufficient resources t...
Blog Post
March 04, 2022
As the war in Ukraine shakes the moral conscience of the world, the question is what the global community can do to help those suffering within the country and outside. One proposal, laid out in POLITICO on Tuesday, is to use the $650 billion worth of Russia’s Central Bank assets that have been froz...
Blog Post
March 03, 2022
The US Development Finance Corporation (DFC) works to spur private investment in support of foreign policy and development goals. The DFC opened its doors in January 2020, built on the foundations of the former Overseas Private Investment Corporation (OPIC) and USAID’s Development Credit Authority. ...
Blog Post
November 30, 2021
Back in August, President Biden nominated Scott Nathan to serve as CEO of the US International Development Finance Corporation (DFC). This week, Nathan will finally have the chance to share his vision for the still-relatively-new agency before the Senate Foreign Relations Committee. Ahead of to...
Blog Post
October 19, 2021
With COP26 only weeks away, policymakers around the world are focusing renewed attention on the climate crisis—and the US Congress is no exception. An upcoming House Foreign Affairs hearing, convened jointly by the Subcommittee on International Development, International Organizations, and Global Co...
Blog Post
October 07, 2021
The US International Development Finance Corporation (DFC) has been operating for less than two years, and already some lawmakers are keen to expand its mandate. On the one hand, it’s good to see such appreciation for the tools of development finance. On the other, we share deep misgivings about pro...
Blog Post
September 27, 2021
The debate over whether development finance should be allowed for downstream gas projects appears to be settling toward a compromise that makes such investments rare but not impossible. But will it be so in practice? Lessons from a previous (eerily similar) compromise suggest that any flexibili...