The launch of the U.S. Development Finance Corporation (USDFC) in October 2019 is an extraordinary opportunity to accelerate capital flows into emerging and frontier markets in support of U.S. national security, development, and commercial objectives. The new agency is inheriting a fundamentally solid foundation to build upon from the Overseas Private Investment Corporation (OPIC). However, it would represent a tremendous missed opportunity if the USDFC merely replicated OPIC’s activities at a higher volume. This is especially the case for infrastructure finance, the sector where USDFC has the greatest potential to have impact.
Daniel F. Runde