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 crafted to overcome long-standing objections from both liberals and conservatives to its beleaguered predecessor agency. Recent actions from the Hill and the White House, each one arguably unobjectionable on its own, all add up to a highly worrying erosion of the DFC’s mandate—that threaten both the political bargain that sustains the agency and US strategic goals across Africa.
CGD Policy Blogs
- (-) Remove 2021 filter 2021
- (-) Remove Climate, Energy, and Environment filter Climate, Energy, and Environment
- (-) Remove W. Gyude Moore filter W. Gyude Moore
- (-) Remove June 2021 filter June 2021
June 30, 2021