The U.S. International Development Finance Corporation, or DFC, which finances private sector development solutions, last week told employees during a town hall meeting that it is planning a major reorganization of its staff structure and operations, a move that has left some employees surprised, upset, and confused.
The agency’s CEO Scott Nathan revealed the new strategy in a Powerpoint presentation to more than 100 staff members at an online event Wednesday, according to several people who attended.
DFC plans to reorganize the current team structure and switch the way it is focused to organize around five key sectors: infrastructure and minerals, energy, health and agriculture, small business support, and funds, according to a strategy document Devex obtained. Currently, DFC staff work in units or departments based on investment expertise — the type of financial instrument they manage — or size of the transaction, which can range from $1 million to $1 billion.
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.
