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    • Long Story Short

    Long Story Short #30: The new US development finance institution, explained

    The U.S. is getting a new development finance institution. In this episode, Devex Associate Editor Adva Saldinger delves into what it took to get to this point, how the bank will function — and what it means for the future of U.S. foreign aid.

    By Devex Editor // 08 October 2018

    Want to listen to this episode on the go? Listen and subscribe: iTunes | SoundCloud

    Guest: Adva Saldinger, associate editor, Devex
    Host: Kate Midden, engagement editor, Devex

    After almost a year of discussion and debate, the BUILD Act — which, if enacted would create a new United States development finance institution — passed on Oct. 3. The U.S. International Development Finance Corporation would absorb the Overseas Private Investment Corporation as well as several U.S. Agency for International Development functions.

    Last week, Associate Editor Adva Saldinger and Engagement Editor Kate Midden explored what it took to get to this point, how the bank will function, and what it means for the future of development financing.

    Additional reading:
    • A new US development finance agency takes flight
    • Exclusive: Plans underway for new US development finance bank
    • Exclusive: New US DFI expected to get strong White House support
    • Q&A: OPIC's Ray Washburne on the proposed US development finance institution

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    • Economic Development
    • United States
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Devex Editor

      Devex Editor

      Thanks a lot for your interest in Devex News. To share news and views, story ideas and press releases, please email editor@devex.com. We look forward to hearing from you.

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