• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • The future of US aid

    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.

    By Adva Saldinger // 11 September 2020

    WASHINGTON — The U.S. International Development Finance Corporation’s board on Wednesday approved new policies around accountability and foreign currency investing along with billions of dollars in investments — including a $1.5 billion political risk insurance deal to support a natural gas project in Mozambique, which has raised environmental and social concerns.

    The decision to make that investment was at least in part driven by foreign policy objectives and to ensure it didn’t fall into Chinese hands, according to Adam Boehler, DFC CEO.

    DFC has approved some $3.6 billion in new investments in the past quarter, including the first deal from the Mission Transaction Unit, which was formerly the Development Credit Authority at the U.S. Agency for International Development. It also approved several new investments through its COVID-19 liquidity facility, including in Colombia and Costa Rica.

    This article is free to read - just register or sign in

    Access news, newsletters, events and more.

    Join usSign in
    • Trade & Policy
    • Institutional Development
    • DFC
    • 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

    • Adva Saldinger

      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.

    Search for articles

    Related Stories

    The future of US aidMCC shutdown would risk global trust, cede ground to China, experts warn

    MCC shutdown would risk global trust, cede ground to China, experts warn

    The future of US AidMemo lays out plan to replace USAID with new humanitarian agency 

    Memo lays out plan to replace USAID with new humanitarian agency 

    Devex InvestedDevex Invested: What US foreign aid chaos means for DFC

    Devex Invested: What US foreign aid chaos means for DFC

    The Future of US AidHow is this ‘reimagined’ proposal for USAID hitting the sector?

    How is this ‘reimagined’ proposal for USAID hitting the sector?

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 3
      The UN's changing of the guard
    • 4
      USAID's humanitarian bureau is under pressure and overstretched
    • 5
      Opinion: India’s bold leadership in turning the tide for TB
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement