DFC at COP28
MEDIA KIT
December 2023
Key Announcements
In the News
“It will initially be led by the Inter-American Development Bank (IDB) and the U.S. International Development Finance Corporation (DFC), lenders that between them have been involved in all of the recent swaps, which also included Barbados and Gabon. DFC CEO Scott Nathan added that it ’solidifies’ a commitment by multilateral lenders to better co-operate.”
“The Biden administration has begun forging mining deals at the U.N. climate talks aimed at securing access to materials needed for electric vehicles and other energy technologies. The International Development Finance Corp., a federal agency, formally approved $50 million in financing Sunday for TechMet, a private investment company that’s partnering in a South African rare earths project.”
DFC at COP
Sunday, December 3rd
1:30 p.m. GST | Video
Public-Private Partnerships to Shepherd Investment in Critical Minerals
2:30 p.m. GST | Video
Accelerating Adaptation Investment: Enhancing and Activating the Role of Different Actors
Monday, December 4th
11:30 a.m. GST | Video
How DFIs Can Foster Private Investment in Sustainable Infrastructure
5:00 p.m. GST | Video
Harnessing Innovative Finance for Nature-Based Solutions: Debt Conversions for Nature and Climate
Tuesday, December 5th
12:00 p.m. GST | Video
Deploying Climate-Aligned Infrastructure Finance at Scale in Growth Markets
A Commitment to Climate
DFC has emerged as a distinct leader in strengthening U.S. climate finance and energy security. We recognize the grave challenges ahead but also the vast opportunities that ultimately will attract tens of trillions of dollars in investments across nearly every sector of the economy.
DFC’s own investments in climate-linked transactions have increased 200 percent in each of the last three years, with a particular focus on nature finance, adaptation and resilience, and growing and diversifying the critical minerals supply chain. Addressing challenges of this scale requires new and enduring sources of collaboration among the private sector, governments, and international organizations.
This approach is integral to DFC’s core mission and remains one that, since our founding in 2019, we have been uniquely positioned to address.
DFC by the Numbers
$3.7B
Committed to climate transactions in 2023
$2B
Committed for debt-for-nature swaps
$9.3B
Committed in 2023
$41B
Total exposure
Colombia
DRIVING CLIMATE-RESILIENT GROWTH
Asia and Africa
DFC co-led an equity investment in Husk Power Systems (Husk) to help address the gap in low-carbon modern energy. As part of its mission to catalyze rural prosperity, Husk offers e-commerce sales and credit financing of energy-efficient appliances, turnkey commercial and industrial rooftop solar products, and a range of climate-resilient services.
SOURCING CRITICAL MINERALS
Brazil
Photo Credit: Dustin Haney
BOLSTERING MARINE CONSERVATION
Ecuador
DFC is providing $656 million in political risk insurance for a marine conservation-linked bond in the Galápagos. The Galápagos Marine Bond was used to finance a $1.6 billion debt conversion for Ecuador that is expected to generate an estimated $323 million for marine conservation in the Galápagos Islands.
BOOSTING SOLAR PANEL PRODUCTION
India
A $425 million DFC loan to TP Solar Limited will finance the construction and operation of a greenfield 4GW solar cell and 4GW solar module manufacturing facility in India. The investment will contribute to India’s domestic production of solar panels and support as many as 2,400 full-time local jobs, with an emphasis on employing women.
Our Mission
The U.S. International Development Finance Corporation (DFC) is the U.S. Government’s development finance institution.
Established with bipartisan support through the BUILD Act of 2018, DFC has a dual mandate: to make highly developmental investments around the world with a focus on communities most in need and to advance the foreign policy interests of the United States.
DFC works with the private sector to address some of the world’s greatest challenges: Investments that support access to reliable, secure, and sustainable energy; resilient health systems; food security; high-standard infrastructure projects; and the small business sector are key priorities for DFC.
