U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler (pictured above) met with Colombian President Ivan Duque in Cartagena last month. In a statement, Boehler reaffirmed the United States’ “steadfast commitment to the Colombian people and to partnering with Colombia to foster a more prosperous, stable, and secure Western Hemisphere.”
Boehler also highlighted the important role that DFC—through its new tools, authorities, and resources—will play in achieving shared goals in Colombia and across Latin America. President Duque welcomed DFC’s partnership in building a strong foundation for broad-based growth in Colombia and expanding economic opportunities for the country’s underserved communities, particularly women and rural populations, through improved access to credit and other essential services.
In pursuit of these goals, Boehler and President Duque discussed opportunities to strengthen their cooperation in order to more effectively mobilize private sector investment to high-impact sectors including critical infrastructure, healthcare, and technology.
The new U.S. International Development Finance Corporation (DFC) is the development bank of the US government. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. Their mandate is to invest across sectors including energy, healthcare, critical infrastructure, and technology projects. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets.
DFC consolidates and modernizes the Overseas Private Investment Corporation (OPIC) and Development Credit Authority (DCA) of the United States Agency for International Development (USAID)