Acting as the US’ development bank, the agency was set to deepen the US’ foreign policy and national security interests in emerging markets. And also help businesses expand and foster growth in these markets.
Similarly, the DFC which is a merger of the Overseas Private Investment Corporation (OPIC) — US’ former development finance institution — and the Development Credit Authority (DCA), is said to bolster the US support for private-sector projects in low and lower-to-middle income countries.
“DFC has three objectives. First, to invest in highly impactful projects in developing countries. Second, to advance U.S. foreign policy. And third, to continue our consistent track record of generating returns for the American taxpayer,” Adam Boehler, DFC CEO, said at the time of launch.
Backed with a $60 billion investment cap, twice as much as OPIC’s budget, the agency’s aim is to advance a private…