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TESTIMONY
December 13, 2022
On December 13th 2022, CGD Senior Fellow Prashant Yadav appeared before the House Foreign Affairs Subcommittee on International Development, International Organizations, and Global Corporate Social Impact at a hearing titled “Modernizing International Development Assistance: Opportunities and Challe...
Blog Post
June 30, 2021
The US International Development Finance Corporation (DFC) is the $60 billion agency that’s supposed to catalyze investment to capital-starved countries, bolster job-creation in emerging markets, and support US foreign policy. The BUILD Act which created the DFC was a bipartisan bill, carefully craf...
TESTIMONY
October 22, 2020
On Wednesday, September 23, CGD Senior Fellow Prashant Yadav appeared before the United States International Trade Commission (USITC) at a virtual hearing examining “COVID-19 Related Goods: The U.S. Industry, Market, Trade, and Supply Chain Challenges.” His testimony focused on trade and s...
Blog Post
June 10, 2020
The DFC has three mandates: (1) deliver development outcomes, (2) support US foreign policy, and (3) don’t lose money by financing only commercially viable projects. DFC’s predecessor agency, the Overseas Private Investment Corporation (OPIC), sometimes struggled to balance these (often conflicting)...