America’s newest agency is 6 months old

SIX MONTHS OF INVESTING IN DEVELOPMENT

Dear Friends:

It’s hard to believe how much the world has changed in the six months since DFC launched. The pandemic’s impact on the developing world is significant and our mission is more important than ever. DFC’s tools are being put to work helping with the response and extended recovery that lies ahead.

DFC launched a Rapid Response Liquidity Facility to provide up to $4 billion in additional funding to our clients struggling from the impacts of COVID-19. DFC is working closely with our partners to monitor and support our projects so they can continue to deliver the development outcomes intended.

DFC’s Board of Directors recently approved $1 billion in investments to strengthen health systems, bolster food security, and expand access to financial services for women and small businesses. Thanks to the tireless work of the DFC team, this was one of the largest set of projects ever to come before the DFC or OPIC Board.

We announced Impact Quotient (IQ) , a state-of-the-art tool for measuring development impact. We consulted more than 50 stakeholders from the development community, investment community, U.S. government, and think tanks in creating IQ. We believe that this is truly the standard in measuring impact. It is also a living assessment that we will fine-tune and continually modernize based on expert analysis and feedback.

Earlier this week, DFC and our peer development finance institutions announced that the 2X Challenge has catalyzed more than $4.5 billion to invest in the world’s women. This sum far surpasses the initial goal of $3 billion by the end of 2020. Economically empowering women lifts up families, communities, and societies, and these investments are helping to reverse gender inequality.

Development is the nucleus of DFC’s expanded mission. I am proud to report that nearly three-quarters of the projects DFC approved since January were in low income and lower-middle income countries or in fragile states. Our steadfast focus on helping those countries most in need is having a positive impact on the developing world.

I’m hoping this finds you and your loved ones healthy and safe, and wishing you a happy Fourth of July

Adam Boehler ( @AdamUSDFC )

Chief Executive Officer

U.S. International Development Finance Corporation

DFC ANNOUNCES NEW DEVELOPMENT IMPACT MEASUREMENT TOOL

Impact Quotient (IQ) will help DFC maximize its global impact by enabling the agency to more effectively evaluate potential investments, monitor current projects, and increase developmental impact.

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FIRST MEMBERS OF DEVELOPMENT ADVISORY COUNCIL ANNOUNCED

The Board of Directors have approved the first members of the agency’s inaugural Development Advisory Council. Members will advise the agency on ways to increase development impact.

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$1 BILLION OF INVESTMENTS APPROVED AT DFC BOARD MEETING

The new projects include the first transactions using equity and technical assistance and will strengthen health systems, bolster food security, and support other impactful development outcomes.

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2X CHALLENGE ANNOUNCES $4.5 BILLION CATALYZED FOR WOMEN

Members of the 2X Challenge announced that they have catalyzed more than $4.5 billion of investments in the world's women, surpassing the initial goal of $3 billion by end of 2020.

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DFC AND DoD SIGN MEMORANDUM OF AGREEMENT UNDER DPA

DFC and the DoD signed a Memorandum of Agreement, formalizing the relationship between the two organizations under the Defense Production Act as part of the COVID-19 response.

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DATA SHOWS SIX MONTHS OF DEVELOPMENT

IMPACT

Almost three-quarters of DFC projects approved since January were in low income and lower-middle income countries, or in fragile states. DFC's seeks to conduct 60% of its work in these areas.

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2X DFC REQUESTING COMMENTS ON PROPOSED CHANGE TO NUCLEAR POLICY

DFC is now asking for comments on a proposed change to the agency's Environmental and Social Policy and Procedures that would enable the consideration of support of nuclear power projects.

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NEW $4 BILLION

COVID-19 RAPID RESPONSE LIQUIDITY FACILITY

The facility will provide up to $4 billion in additional financing for existing DFC projects that have been particularly impacted by the challenges of the COVID-19 global pandemic.

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DFC'S CHARITY WALLACE ON ADVANCING THE 2X WOMEN'S INITIATIVE

Charity Wallace is DFC’s new managing director of Global Women’s Issues. She oversees the 2X Women’s Initiative , which has catalyzed over $3 billion to projects that economically empower women. Before joining DFC, Wallace was founding vice president of Global Women’s Initiatives at the Bush Institute, and later founded Wallace Global Impact to develop cross-sector solutions to some of the most pressing global issues, with a strong focus on women.

How did you become interested in women's economic empowerment?

Working in the federal government for eight years afforded me the incredible opportunity to travel to more than 70 counties. I saw firsthand how investing in specific levers — education, healthcare, economic opportunity—significantly empower women, benefit their families, and strengthen communities.

How can DFC create economic opportunity for women?

A McKinsey study found that eliminating gender disparities would add up to $28 trillion to global GDP by 2025. This is a staggering number — one that DFC can help to reach through investments targeted to women. Indeed, DFC has mobilized over $3 billion to invest in women’s economic empowerment. Together with our peer development finance institutions, we’ve catalyzed $4.5 billion through the 2X Challenge . Now we will explore the ways we can take this momentum and make it exponentially greater.

How can investment help address the challenges women are facing from COVID-19?

Women are disproportionately impacted during crises, and COVID-19 is no exception. The pandemic has forced everyone to shift to digital platforms for healthcare, education, and financial services — areas where women lack sufficient access. DFC is working to support women during the pandemic and pending recovery by investing in food security, health systems, and deploying investments to provide much needed capital to women borrowers.