DFC Advances Collaboration With Private Sector and Government Partners During World Bank Week

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 Annual 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 was interviewed by President and Editor-in-Chief Raj Kumar, during which he announced that DFC had exceeded $12 billion in new commitments across more than 180 transactions during Fiscal Year 2024. This result underscores DFC's expanding impact around the world.

CEO Nathan also participated in a moderated discussion at the Wilson Center along with the Governor of the Japan Bank for International Cooperation (JBIC). In addition, DFC leadership formalized new partnerships and agreements with leading institutions. DFC formalized a strategic partnership with the Association of European Development Finance Institutions, further strengthening international cooperation to accelerate sustainable development efforts. DFC also expanded its partnership with JBIC and the Export-Import Bank of Korea to collaborate with the Indian government and private sector on digital infrastructure projects in India. In addition, DFC signed a framework 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.

On behalf of DFC, CEO Nathan signed a $40 million loan portfolio guaranty (LPG) with KredoBank and signed a separate $20 million LPG with Piraeus Bank, both of which will 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 signed a $120 million loan with the Trade & Development Bank of Mongolia to support small businesses in the country.

DFC leadership also held productive discussions with senior government officials from countries including Egypt, Ghana, Kazakhstan, Senegal, Tanzania, and Ukraine and reinforced DFC's commitment to promoting economic growth and stability in their countries.

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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.