Commentators have criticised the DFC's investments in higher-middle-income countries which might be apparently supposed to attain U.S. Akhtar, Shayerah I.; Brown, Nick M. (10 January 2022). U.S. International Development Finance Corporation: Overview and Issues (Report). Congressional Research Service. p. Retrieved 15 October 2018 - via National Archives. Thrush, Glenn (2018-10-14). "Trump Embraces Foreign Aid to Counter China's Global Influence". The brand new York Times. U.S. International Development Finance Corporation (Report). Akhtar and Brown 2022, p. Akhtar and Brown 2022, pg. Akhtar and Brown 2022, pp. Kuo, Mercy A. (25 October 2018). "The US International Development Finance Corporation and China:Insights from Riva Levinson". Zengerle, Patricia (3 October 2018). "Congress, eying China, votes to overhaul improvement finance". Akhtar and Brown 2022, pp. Akhtar and Brown 2022, pp. Saldinger, Adva (5 December 2018). "How coverage wonks, politicos, and a conservative Republican remade US assist". Runde, Daniel F.; Bandura, Romina (12 October 2018). "The Build Act Has Passed: What's Next?". Center for Strategic and International Studies. Akhtar, Shayerah I.; Lawson, Marian L. (15 January 2019). Build Act: Frequently Asked Questions about the new U.S.

The United States International Development Finance Corporation (DFC) is a development finance institution and agency of the United States federal government. DFC invests in growth tasks primarily in lower and center-earnings countries. First authorized on 5 October 2018 by the Build Act, the impartial company was formed on 20 December 2019 by merging the Overseas Private Investment Corporation (OPIC) with the event Credit Authority (DCA) of the United States Agency for International Development (USAID), as well as with several different smaller workplaces and funds. DFC's lending capability is used to offer loans, loan guarantees, direct fairness investments, and political risk insurance for personal-sector led growth tasks, feasibility studies, and technical assistance. West Africa and the Western Hemisphere, and local weather change. As with the OPIC, the DFC is predominately self-funded by the fees and interest collected throughout its common operations. U.S. development finance efforts were consolidated underneath the Overseas Private Investment Corporation (OPIC) in 1969 by President Richard Nixon, transferring responsibility from the United States Agency for International Development (USAID).

DFC was led by Adam S. Boehler, the agency's first Chief Executive Officer.

Prosper Africa Initiative, launched in 2018 with the aim of selling U.S.-Africa investment and commerce, countering Chinese influence. On May 14, 2020, President Trump signed an Executive Order which delegates authority to the DFC Chief Executive Officer to make loans to private establishments to assist the response to COVID-19 or strengthen relevant supply chains. Trump administration, by DFC, introduced that it deliberate to present Kodak a $765 million mortgage for manufacturing substances utilized in pharmaceuticals, as a way to rebuild the nationwide stockpile depleted by the COVID-19 pandemic and reduce dependency on international factories. The funding was put on hold as the U.S. DFC's inspector basic announced scrutiny into the mortgage phrases. The company acquired criticism for the mortgage deal. The agency has given tens of millions of dollars to ApiJect Systems. DFC was led by Adam S. Boehler, the agency's first Chief Executive Officer. His nomination to guide the agency was introduced by the Trump administration on July 10, 2019 and unanimously confirmed by the Senate on September 26, 2019. As of February 2022, Scott Nathan is the present CEO.

The purpose was to promote a extra enterprise-like administration of improvement finance policy. Within the 2010s, the Obama administration came to support an extra consolidation of U.S. Chinese investment within the creating world (significantly via the Belt and Road Initiative). Senators, and others satisfied the White House to assist the consolidation of OPIC and development finance efforts consistent with the President's policy priorities. Relevant legislation - the higher Utilization of Investments Leading to Development (Build) Act - was launched in Congress to ascertain the DFC shortly thereafter. Center for Global Development. It handed the Senate as a part of a bill to reauthorize the Federal Aviation Administration on a vote of 93-6 in early October 2018; it had already been handed within the House. Concern over Chinese investment abroad and the shortcoming for current U.S. Act, and the institution of the DFC has extensively been viewed as means to counter China, notably its Belt and Road Initiative. The Act aimed to ameliorate deficiencies in existing U.S. This content was created ᠎by GSA Content  Ge nera tor DE​MO.

International Development Finance Corporation (PDF) (Report). Congressional Research Service. p. Kliman, Daniel (16 November 2018). "Leverage the new US International Development Finance Corporation to compete with China". Akhtar and Lawson 2019, p. Lo, Kinling (12 January 2020). "US International Development Finance Corporation targets Asia as Washington seeks to offer various to Chinese money". South China Morning Post. Runde, Daniel F.; Bandura, Romina; Staguhn, Janina (2020). How Can the U.S. International Development Finance Corporation Effectively Source Deals? Center for Strategic and International Studies. Akhtar and Brown 2022, pp. Akhtar and Brown 2022, pp. Akhtar and Brown 2022, p. Runde, Bandura and Staguhn, pp. Runde, Bandura and Staguhn, pp. Cook, Nicolas; Williams, Brock R. (17 November 2020). The Trump Administration's Prosper Africa Initiative (PDF) (Report). Congressional Research Service. p. Rampton, Roberta (2020-07-28). "Trump Gives Medical Stockpile A 'Kodak Moment' With New Loan To Make Drugs". Michaels, Dave; Francis, Theo (4 August 2020). "Kodak Loan Disclosure and Stock Surge Under SEC Investigation". Levy, Rachael (14 September 2020). "Kodak Deal Draws Review From Watchdog at Agency Involved in Planned Loan". Rappeport, Alan; Swanson, Ana; Thrush, Glenn (25 October 2020). "Kodak Loan Debacle Puts a brand new Agency in the recent Seat". The new York Times. Lizza, Ryan (24 February 2022). "POLITICO Playbook: War in Europe". Landers, Clemence; Morris, Scott; Kenny, Charles; Lee, Nancy; Estes, Jocilyn (25 March 2021). "Is DFC Going To Be a Development Finance Institution or a Foreign Policy Bank?". Center for Global Development. Savoy, Conor M. (20 September 2021). "Mission Creep at the development Finance Corporation". Center for Strategic and International Studies. Morris, Scott (19 April 2021). "Current Budget Rules Stand in the way of an inexpensive Path for US DFC to realize Ambition on Climate and Pandemic Response". Center for Global Development.