WASHINGTON — The U.S. International Development Finance Corporation released its development policy Thursday — a document that identifies priority sectors and a set of commitments on development outputs.
The strategy will guide DFC’s work through 2025, though it may adapt and change over time, and outlines targets for how DFC aims to invest $25 billion and mobilize about $50 billion from the private sector.
The strategy was a project led by DFC Chief Development Officer Andy Herscowitz, who told Devex that one thing that struck him when he joined the organization was that DFC was “being asked to measure development by counting deals in low-income countries and lower-middle-income countries.”
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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.
