US DFC board approves deal so 'it doesn't fall into Chinese hands'

The U.S. International Development Finance Corporation board met Wednesday, approving a number of new agency policies and a $1.5 billion deal in Mozambique, in part to prevent Chinese control, even as advocates raise concerns.

About the author

  • Adva Saldinger

    Adva Saldinger is a Senior Reporter at Devex, where she covers the intersection of business and international development, as well as U.S. foreign aid policy. From partnerships to trade and social entrepreneurship to impact investing, Adva explores the role the private sector and private capital play in development. 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.