{"id":165692,"date":"2025-08-07T21:36:13","date_gmt":"2025-08-07T21:36:13","guid":{"rendered":"https:\/\/www.one.org\/us\/?page_id=165692"},"modified":"2025-08-08T14:54:10","modified_gmt":"2025-08-08T14:54:10","slug":"reauthorize-development-finance-corporation","status":"publish","type":"page","link":"https:\/\/www.one.org\/us\/what-we-do\/the-issues\/economic-development\/reauthorize-development-finance-corporation\/","title":{"rendered":"The DFC: Unlocking Growth in Africa"},"content":{"rendered":"\n
\n\n\t\t\t \n\n\t\t\t
\n\t\t\t\t
\n\n\t\t\t\t
\n\t\t\t\t\t
\n\n

Economic Development<\/p>\n\n\n\n

The DFC: Unlocking Growth in Africa<\/h2>\n\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n<\/div>\n\n\n\n
<\/div>\n\n\n\n

The Development Finance Corporation is key for Americans winning around the world, especially in Africa.<\/p>\n\n\n\n

The US International Development Finance Corporation (DFC)<\/strong> is a key component of U.S. efforts to catalyze economic development in the world\u2019s poorest countries \u2013 especially those in Africa.<\/p>\n\n\n\n

The DFC supports private sector investments in developing countries by providing loans and other support \u2013 through a competitive selection process \u2013 that allow businesses to start projects that traditional banks wouldn\u2019t back up. Through its rigorous application process, the DFC selects projects that support partner priorities in key sectors (especially in low- and lower-middle income countries) as well as U.S. interests. These include: Infrastructure and Critical Minerals; Energy; Food Security and Agriculture; Health; and Small Business and Financial Services.\u202f<\/p>\n\n\n\n

In America\u2019s Interests.<\/strong> By mobilizing private capital, DFC committed a record $12 billion last year<\/a> to projects driving economic growth and advancing U.S. strategic interests. With a $50 billion portfolio of active investments in 114 countries (with Africa being its largest market), the DFC is competing with the People\u2019s Republic of China (PRC), whose predatory lending practices are seeking to expand China\u2019s influence around the world.<\/p>\n\n\n\n

Congress must reauthorize.<\/strong> To prevent this critical program from sunsetting on October 6, 2025, ONE urges Congress to pass a multi-year DFC reauthorization that strengthens the agency\u2019s development mandate, increases transparency in its operations, expands its maximum contingent liability cap, and unlocks the potential of the agency\u2019s equity investments.<\/p>\n\n\n\n

Key components that ONE urges Congress to include in reauthorization legislation are outlined below:<\/u>\u202f<\/strong><\/p>\n\n\n\n