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Reauthorization of the Development Finance Corporation
The House and Senate are in the throes of reauthorizing the statutory authority of the Development Finance Corporation, whose ability to support new investment projects was suspended on October 1 with the expiration of the BUILD Act. The DFC was established to support U.S. foreign policy interests through advancing economic progress in developing countries by providing loans, equity finance, guarantees, and political insurance for market-viable investments in developing countries when private finance is not available to cover the full cost of a project.