The U.S. International Development Finance Corporation board approved new investments on Friday, but how many deals were cleared — and for how much — remains unclear.
In a statement following the meeting, DFC said the board had approved transactions in Africa related to critical mineral supply chains, energy security, economic development, and stability.
“Today’s approvals underscore DFC’s disciplined approach to advancing America’s strategic interests abroad grounded in financial sensibility,” said CEO Ben Black in a statement. “Thanks to the hard work of our dedicated deal teams, DFC is proud to announce priority investments in Africa that strengthen essential energy and critical mineral supply chains. Through these projects, DFC continues to demonstrate that friendship and strength are built upon American prosperity.”
About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
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