{"id":30852,"date":"2024-10-24T17:11:00","date_gmt":"2024-10-24T17:11:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4539514_AE39514_0"},"modified":"2024-10-24T17:11:00","modified_gmt":"2024-10-24T17:11:00","slug":"dfc-expands-global-impact-with-record-breaking-investments-in-fiscal-year-2024","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=30852","title":{"rendered":"DFC Expands Global Impact With Record-Breaking Investments in Fiscal Year 2024"},"content":{"rendered":"
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Total annual commitments more than doubled since agency’s launch five years ago
<\/i>Driving global development with more than 180 strategic transactions<\/i><\/p>\n

WASHINGTON<\/span><\/span>, Oct. 25, 2024<\/span><\/span> \/PRNewswire\/ — The U.S. International Development Finance Corporation today announced that it committed a record $12 billion<\/span> in investments in Fiscal Year 2024<\/a> to projects that are improving lives and promoting economic growth across the developing world by expanding access to food, energy, healthcare, critical infrastructure, and financial services.<\/p>\n

In Fiscal Year 2024, DFC tackled some of the world’s greatest challenges by supporting transactions in 44 countries, with a total portfolio spanning over 110 countries across Africa<\/span>, the Middle East<\/span>, Latin America<\/span>, Europe<\/span>, and the Indo-Pacific. DFC’s new commitments are expected to finance 450,000 smallholder farmers, generate 4,600GWh of renewable energy, improve healthcare for more than 11 million patients, and fuel growth for 380,000 micro, small, and medium-sized businesses.<\/p>\n

“Fiscal Year 2024 was a remarkable year for DFC, both in terms of volume of investment and our impact on some of the world’s most pressing challenges. In just five years since its creation, DFC’s private-sector-led approach has established DFC as a pivotal instrument in U.S. foreign policy and a key player in the development finance space,” said DFC CEO Scott Nathan<\/span><\/b>. “The new investments made this year will provide badly needed financing to entrepreneurs and businesses, driving economic growth and stability in the countries where we work. I’m proud of the hard work and accomplishments of the DFC team to support development and bolster U.S. national security.”<\/p>\n

In Fiscal Year 2024, DFC committed to over 180 transactions. Activity included:<\/p>\n

Invested where American values and interests intersect.<\/b> DFC’s dual focus on global development and American national security helps ensure its investments benefit both the United States<\/span> and the host countries.<\/p>\n