How the new Development Finance Corporation can get off to a solid start
Scheduled to open its doors this fall, the new U.S. Development Finance Corporation (DFC) has some ambitious—and welcomed—goals. Created by the BUILD Act, the DFC is set to put “development” at the center of its work. The transition team for this new institution, the core of which combines the functions of the Overseas Private Investment Corporation (OPIC) and Development Credit Authority (DCA) (now part of the U.S. Agency for International Development), has been hard at work