Expanding its portfolio, top-level due diligence, and collaboration — those are the issues that the world’s biggest bilateral development finance institution is focused on as it heads toward a reauthorization next year.
“In the short four years that we've been in existence, we've moved the needle quite a bit … Right now our total exposure globally is nearly $44 billion of a $60 billion cap that [the U.S.] Congress gave us,” said Nisha Biswal, deputy CEO of the U.S. International Development Finance Corporation, or DFC, in a Devex Pro virtual event.
DFC opened its doors in January 2020 — replacing the United States’ former DFI, the Overseas Private Investment Corporation — and needs to be reauthorized next year.
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About the author
Jessica Abrahams@jiabrahams
Jessica Abrahams is a former editor of Devex Pro. She helped to oversee news, features, data analysis, events, and newsletters for Devex Pro members. Before that, she served as deputy news editor and as an associate editor, with a particular focus on Europe. She has also worked as a writer, researcher, and editor for Prospect magazine, The Telegraph, and Bloomberg News, among other outlets. Based in London, Jessica holds graduate degrees in journalism from City University London and in international relations from Institut Barcelona d’Estudis Internacionals.
