1、 https:/crsreports.congress.gov Updated February 3, 2022U.S. International Development Finance Corporation (DFC)The U.S. International Development Finance Corporation (DFC) is a U.S. government agency that uses financial tools to promote private investment in less-developed countries. It seeks to su
2、pport economic development, U.S. economic interests, and U.S. foreign policy aims. Authorized by the Better Utilization of Investments Leading to Development Act of 2018 (BUILD Act, Div. F of P.L. 115-254, 22 U.S.C 9612 et seq.), DFC emerged from congressional interest to enhance U.S. development fi
3、nance tools and respond to Chinas “One Belt, One Road” (OBOR) initiative. DFC launched in December 2019. It assumed the functions of and replaced the Overseas Private Investment Corporation (OPIC) and the U.S. Agency for International Developments (USAIDs) Development Credit Authority (DCA). DFC has
4、 expanded authorities, a higher lending cap of $60 billion, and a longer authorization of seven years. Overview Organization. The BUILD Act vests DFC powers in a nine-member Board: a Chief Executive Officer (CEO); the Secretaries of State, the Treasury, and Commerce; the USAID Administrator; and fou
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