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.