DFC Celebrates Nearly $4 Billion in New Investments Approved Since the Start of Fiscal Year 2025

WASHINGTON, D.C. - The U.S. International Development Finance Corporation today announced it has approved seven new transactions since the beginning of January 2025 at the board and sub-board levels. The transactions total nearly $1 billion and advance the agency's development and foreign policy mission. The newly announced investments bring DFC's total approved projects in Fiscal Year 2025 to nearly $4 billion.

In the five years since DFC was launched with bipartisan support, the agency has advanced U.S. strategic and developmental objectives through its investments across 114 countries that have directly impacted more than 200 million people and businesses. DFC has become a key instrument of U.S. foreign policy, diversifying crucial supply chains, promoting energy security, and investing in marquee infrastructure projects across the globe while generating economic opportunity and advancing America's strategic interests.

"I couldn't be more proud of what the DFC team has accomplished over the last few years," said DFC CEO Scott Nathan. "While this Board meeting is my last, the projects we approved demonstrate the scope of what DFC does to advance its mission in key regions around the world. The investments in the private sector that we are making today will foster long-term growth in emerging economies and that's in the interest of the United States."

The January meeting of DFC's board of directors included a public hearing and project approvals. Please find more information on the DFC Board of Directors web page.

The DFC Board of Directors approved the following projects:

• Energizing business in Guatemala: A $300 million loan to Banco Industrial, S.A. will support on-lending to small and medium-sized enterprises, including women-owned and led businesses, in Guatemala. This funding aims to unlock capital for small businesses in Central America's largest economy, fostering economic growth and promoting prosperity.
• Expanding access to mortgage financing for underserved communities in Mongolia: A $150 million loan to Mongolian Mortgage Corp (MIK) will expand access to housing, empower women borrowers, and support underserved communities including low-to-middle-income families in Mongolia. As urbanization accelerates, this initiative will promote access to homeownership and promote stability across the country.
• Helping Egypt meet energy goals: An up to $140 million loan and $300 million in political risk insurance will support Actis Long Life Infrastructure Fund (ALLIF) in its acquisition of the Gabal El Zeit 580MW wind power plant in Egypt. The transaction will provide the Government of Egypt with much-needed foreign currency, support International Monetary Fund-driven reforms to facilitate private-sector-led growth, and extend the useful life of a major energy facility by up to 10 years.

Additionally, DFC approved the following investments at the sub-board level:

• Expanding lending to Kenya's women-led businesses: A $10 million loan guaranty to Absa Bank Kenya Plc will support the bank's initiative to expand financing for women-led businesses.
• Bolstering food security in Ukraine: A loan of up to $40 million to agro-industrial holding company Astarta will aid in the construction and operation of a soy protein processing plant with a designed annual capacity of approximately 100,000 tons and help Astarta make other investments.
• Supporting Ukraine's higher education: A $20 million loan to American University Kyiv (AUK) will finance the expansion and modernization of its campus in Kyiv. AUK is a private Ukrainian university with a strategic partnership with Arizona State University and member of the Cintana Alliance, enabling students to access quality higher education.
• Boosting Africa's small and medium-sized businesses: An up to $15 million equity investment in AfricInvest Small Cap Fund will support investments in North and Sub-Saharan Africa in sectors pivotal to Africa's development, including agriculture, healthcare, consumer goods, manufacturing, and services.

Transactions may be subject to additional steps prior to commitment and closing, including the congressional notification process.

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The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.