DFC Advances Collaboration With Private Sector and Government Partners at World Bank Meetings

WASHINGTON, D.C. - The U.S. International Development Finance Corporation CEO Scott Nathan and the DFC leadership team engaged with global leaders and key stakeholders during the Fall Meetings of the World Bank Group and International Monetary Fund, aiming to advance private-sector-led development initiatives and support U.S. foreign policy objectives.

At Devex World, CEO Nathan joined President and Editor-in-Chief Raj Kumar to announce that DFC had exceeded $12 billion in new commitments during Fiscal Year 2024. This achievement spans more than 180 transactions and underscores DFC's expanding impact in emerging markets.

CEO Nathan also participated in a fireside chat at the Wilson Center with the Japan Bank for International Cooperation (JBIC) and formalized a strategic partnership with European Development Finance Institutions, further strengthening international cooperation to accelerate sustainable development efforts.

Along with fostering new alliances, CEO Nathan and DFC leadership participated in signing ceremonies with JBIC and the Export-Import Bank of Korea to collaborate with India on projects in the digital sector, and with Brazil's National Bank for Economic and Social Development (BNDES) to foster cooperation on future transactions across a variety of sectors including, among others, regenerative agriculture, health, and innovation.

CEO Nathan also joined First Deputy Chairman of the Management Board and in-coming CEO of KredoBank JSC Jakub Karnowski in signing a $40 million loan portfolio guaranty (LPG) with KredoBank and signed a separate $20 million LPG with Piraeus Bank to enhance financial support for Ukrainian entrepreneurs. These agreements are expected to play a pivotal role in supporting economic resilience and recovery in Ukraine. CEO Nathan also ceremonially signed a $120 million loan to support small businesses in Mongolia.

In addition, CEO Nathan held productive discussions with senior government officials from key partner countries, including Senegal, Ukraine, and Tanzania, reinforcing DFC's commitment to promoting economic growth and stability in developing regions.

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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.