DCEO Biswal in the Dominican Republic Affirms U.S. Commitment to Prosperity in Region

WASHINGTON, D.C. - The U.S. International Development Finance Corporation's Deputy Chief Executive Officer Nisha Biswal traveled to the Dominican Republic from August 6-8, where she reaffirmed DFC's commitment to fostering economic opportunity throughout the country and the Latin American and Caribbean region.

While in Santo Domingo, DCEO Biswal joined USAID Administrator Samantha Power and President of the Dominican Republic Luis Abinader for a bilateral discussion to strengthen U.S. relations with the Dominican Republic. Biswal announced a new $42 million loan portfolio guaranty to Banco de Reservas de la República Dominicana (Banreservas) to support women entrepreneurs, as well as green and small business lending, and the opening of a new regional office in Santo Domingo in October 2024.

She joined Administrator Power for a conversation with women leaders in the Dominican Republic's education and technology sectors, government, and business community to discuss opportunities for promoting women in leadership roles and supporting women's economic empowerment. DCEO Biswal also met with key business leaders to discuss the financial landscape in the country and opportunities for DFC investment.

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The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.