Milken Institute Statement on Final Passage of DFC Reauthorization

The Milken Institute commends Congress for the final passage of legislation reauthorizing the US International Development Finance Corporation (DFC). Notably, the reauthorization significantly increases the maximum contingent liability of DFC to over $200 billion and facilitates greater use of its existing authority to make direct equity investments. As a result of these bipartisan efforts, the DFC will have the scale and certainty it needs to operate as the United States’ premier institution advancing US strategic economic objectives through the end of this decade and beyond.

Additional improvements include increased flexibility to more rapidly deploy capital by streamlining some notification thresholds and updates to existing geographical limitations. The latter ensures the continued prioritization of projects in less developed countries, while facilitating investments to advance US strategic imperatives in crucial sectors shaping geo-economic outcomes, such as critical minerals, energy, and advanced information technology. 

The Milken Institute looks forward to continuing to work with the DFC to mobilize private capital to advance market-oriented development outcomes and enhance US economic competitiveness around the world.