Should Components of USAID be Moved into the Proposed International Development Finance Corporation?
Former Director of the Development Credit Authority
Ambassador John Simon
Former Executive Vice President
Overseas Private Investment Corporation (OPIC)
Former Mission Director in Egypt and Former Senior Deputy Assistant Administrator in E3 and the Middle East Bureau, USAID
Senior Fellow, Project on U.S. Leadership in Development and the Project on Prosperity and Development at CSIS
Please join us on Friday, April 6 for a public panel discussion on the proposed International Development Finance Corporation.
The US needs more and better development finance capacities to complement its traditional foreign assistance capacities. As you know, the US Congress has proposed the BUILD Act, new legislation to create a new International Development Finance Corporation to respond to this important need. Regardless of the final organizational arrangements, the proposed IDFC and USAID will need to work closely together. The current version of the BUILD Act addresses this need by proposing the move of USAID's Development Credit Authority (DCA), future enterprise funds, and USAID's Private Capital Group into the proposed IDFC.
This discussion will seek to answer a number of questions: what would be the best institutional arrangement between USAID and the new IDFC? Should DCA, future enterprise funds, and the Private Capital Group move to the new IDFC? What are the benefits and what are the downsides of doing this?
Please join us for this important discussion.