DFC is launched with $60bn investment cap

The US International Development Finance Corporation (DFC) has officially opened its doors.

The new agency combines and modernizes the existing development finance functions of the US Government — the Overseas Private Investment Corporation and USAID’s Development Credit Authority.

Enhancements include an investment cap of $60 billion — more than double OPIC’s $29 billion limit — and new financial tools such as equity investments, technical assistance, and feasibility studies to more proactively address development needs. 

DFC, which will prioritize investments in low-income and lower middle-income countries, will be led by Chief Executive Officer Adam Boehler.