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Blog Post
March 30, 2021
EU member states and the European Parliament’s Foreign Affairs and Development Committees finally approved the new Neighbourhood, Development, and International Cooperation Instrument (NDICI)—Global Europe. The instrument, worth €79.5 billion over the period 2021-2027, marks a profound transformati...
Blog Post
February 09, 2021
Last week, President Biden issued a new Executive Order aiming, among other things, to “enhance access for individuals from the Northern Triangle to visa programs.” This is a big opportunity for the United States. People from this region need access to lawful migration pathways, and it is now the po...
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...
CGD NOTES
December 21, 2020
Global e-commerce sales surged to US$25.6 trillion in 2018, up 8 percent from 2017. Leading the way are China (US$1.5 trillion), the United States (US$600 billion), and the United Kingdom (US$135 billion) holding the top three spots respectively. Yet Africa, with 17 percent of the world’s population...
Blog Post
December 17, 2020
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...
Blog Post
October 08, 2020
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...