The U.S. International Development Finance Corporation had a record year, committing $12 billion across 181 deals in 44 countries and showcasing the growth of an agency whose mandate is awaiting congressional renewal.
This year’s allocation reflects a nearly 30% increase over fiscal year 2023, and is more than double the agency’s investment level compared to five years ago when it was founded. It also comes on the heels of a major reorganization at DFC and rapid hiring efforts that have expanded the agency to almost 700 employees, nearly double its original size.
The rapid growth and reorganization around five key sectors — infrastructure and minerals, energy, health and agriculture, small business support, and funds — have created some bumps in the road.