The U.S. development finance agency informed staff this week that it will extend the timeline for its planned restructuring, a move that comes after negative feedback about the process.
The U.S. International Development Finance Corporation, or DFC, which finances private sector development solutions, last month revealed a new strategy that would overhaul the agency, leaving some employees upset and confused about their jobs and their investment deals.
“We know how busy everyone is and have heard the desire for more time to implement any changes,” the agency wrote to staff in an email that Devex obtained.
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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.
