The chamber, in collaboration with the United States Agency for International Development (USAID) on Thursday, February 27, 2020, held a forum to discuss financing development through the U.S. Development Finance Corporation (DFC).
James Lykos, Primary DFC Liaison for USAID/Ghana, took participants through the institutional structure, tools, and capabilities of the DFC. He also explained the eligibility requirements of the program.
The DFC is a $60 billion program to invest in sectors ranging from critical infrastructure, energy, technology to health care, and financing for small businesses and women entrepreneurs in Low-income (LICs) or lower-middle-income (LMICs) countries.
“The DFC is equipped with a more than doubled investment cap of $60 billion and new financing tools such as equity financing, debt financing, political risk insurance, and technical development.
“With the $60 billion cap, the DFC would be shared among Africa, Latin America, and Asia, with each continent receiving approximately $20 billion under the initiative,” he said.
He stated that the DFC consolidated and modernized the Overseas Private Investment Corporate (OPIC) and the Development Credit Authority (DCA) of the United States Agency for International Development (USAID).
The initiative is designed to help businesses to expand into emerging markets, finance solutions to the most critical challenges facing the developing world and reinforces US foreign policy and national security interests.
Click here to download the presentation for more information on the DFC. Email James Lykos, Primary DFC Liaison for USAID/Ghana at jlykos@usaid.gov for specific questions about how the DFC can apply to your projects.
