Empowering Development Finance Corporation for Greater Impact

The Wilson Center’s Wahba Institute for Strategic Competition (WISC) launched a study group comprising legal professionals with extensive development finance experience, which explored how to close the multi trillion-dollar infrastructure funding gap in emerging markets and developing economies (EMDE). It focused on providing more authorities to the US International Development Finance Corporation (DFC), the US government’s development finance institution (DFI). The study group offers the following recommendations that would empower DFC to make a greater impact.

The involvement in the working group does not constitute each participant endorsing each recommendation listed, nor the contents of this publication. Their input was invaluable in providing insights from those with intimate knowledge of international infrastructure. The Wahba Institute of the Wilson Center is grateful for their contributions.

Amy Bailey - Attorney Specializing in International Finance and Private Equity; former Associate General Counsel, Development Finance Corporation

Julien Blanchard - Columbia Law School

Peter F. Fitzgerald - Of Counsel, Norton Rose Fulbright US LLP; former Associate General Counsel for Finance and former Associate General Counsel for Insurance, Overseas Private Investment Corporation

Kimberly Heimert - Founder and CEO, Energy Transition Advisory Group; former General Counsel and Vice President, Overseas Private Investment Corporation

Laura Hills - Partner, Hills Stern & Morley LLP

Hon. Mark Kennedy – Wilson Center, Director of the Wahba Institute for Strategic Competition; Member of Congress (MN 2001-07)