DFC has been the subject of a growing list of proposals from lawmakers that envision the agency tackling a wider range of challenges than initially envisioned. The agency may find ways to leverage this heightened interest. However, delivering on the bipartisan, foundational vision for DFC amid evolv...

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’ ...

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...

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...

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. ...

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...

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...

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...

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...