CEO of
@DFCgov
— the U.S. Government’s development finance institution. Investing in development and the foreign policy interests of the United States.
I’m in Chișinău today, where I met with Energy Resources of Ukraine to discuss how
@DFCgov
’s $400M in U.S. political risk insurance has helped diversify Moldova's energy supply away from Russia.
@DFCgov
is helping strengthen our partners in Eastern Europe at a critical time.
2023 has been a record-breaking year for
@DFCgov
. Thanks to the outstanding efforts of this team, we are meeting our objectives, advancing development, and supporting U.S. strategic interests.
Learn more about our work this year by clicking below.
.
@DFCgov
is invested in Pakistan – including in clean energy, financial inclusion, and flood relief – and we are eager to invest further.
Yesterday, I met with Finance Minister Muhammad Aurangzeb and Ambassador
@Masood__Khan
to discuss avenues for us to grow our portfolio in 🇵🇰.
Thank you to
@whoisjwright
, President of the Washington Commanders, for taking the time to speak with the
@DFCgov
workforce this week. An insightful conversation to help us better appreciate the importance of Black History Month.
Glad to be continuing the partnership of
@DFCgov
and
@BIDInvest
here at
#COP28
. Together, we are investing to expand
@Tembici
's bike-sharing network across LatAm.
Clean, affordable, accessible transportation for people is a key to addressing the climate crisis.
DFC and
@BIDInvest
reaffirmed their commitment to
@tembici_co
—Latin America’s largest bicycle-sharing platform—which will help the company produce 50,000+ new bikes, bolstering public transportation by providing a clean last-mile solution and supporting employment in the region.
.
@DFCgov
is delivering for
@POTUS
’ Partnership for Global Infrastructure & Investment.
$8B in FY23 towards
@US_PGI
, financing energy, physical, digital, health, and climate-resilient infrastructure around the world.
I’m headed to
#COP28
today to discuss the Development Finance Corporation’s climate investments and opportunities for future partnership.
Excited to use this new account to share with you
@DFCgov
’s work to advance our development and foreign policy goals.
I met w/ Peruvian FM
@J_GonzalezOFr
at
#MSC2024
to discuss how
@DFCgov
can help advance development in 🇵🇪, including through our ongoing support for small farmers and businesses. We also explored opportunities to invest in infrastructure, health, & other priority sectors.
[1/2] I was pleased to be able to meet virtually with Minister of Economics & Finance
@JuanCVegaEC
to discuss DFC’s ongoing collaboration in 🇪🇨 and opportunities for more private sector investment.
The clean energy transition is here, and we cannot allow it to be dependent on any one country. DFC is promoting innovative tech to diversify critical supply chains & boost global energy security.
It was great to meet with Prime Minister Holness
@AndrewHolnessJM
and his senior ministers to share
@DFCgov
’s commitment to deepening 🇺🇸-🇯🇲ties.
We discussed opportunities across a range of sectors where DFC can support private sector-led development in Jamaica.
In 2021, DFC set a goal of $1B in food security investments. In Sept, we met this objective, years ahead of schedule.
We're proud of this progress, but global food insecurity remains a challenge.
@DFCgov
is continuing to pursue deals that will help prevent famine around the world
I’m in Chennai today with
@USAndIndia
&
@TRBRajaa
to launch a new solar panel manufacturing facility.
@DFCgov
’s $500M loan is leveraging private sector U.S. ingenuity to diversify energy supply chains and advance development in the Tamil Nadu region.
Japan is a crucial partner in catalyzing private sector-led economic growth in the Indo-Pacific & beyond. On the margins of the 🇯🇵 Official Visit, DFC & the Japan Bank of Int'l Cooperation reaffirmed our commitment to collaborating to advance shared priorities by renewing our MOU
[1/7] Today,
@DFCgov
is proud to be announcing 22 transactions approved in Q2 totaling >$697M.
These projects are advancing key strategic and developmental priorities around the globe, and I'd like to highlight a few of these...
[5/7] DFC is promoting tech-enabled sustainable agriculture in India with our $16.5M loan guaranty to
@EcozenSolutions
.
This deal will support the use of climate smart tech by 🇮🇳 farmers, helping them increase production, reduce food losses, and decrease their emissions.
Since Feb 2022,
@DFCgov
has announced more than $450M in financing to support Ukraine in the face of Russian aggression. Good to meet again with Vice PM
@OlKubrakov
at
#MSC2024
to discuss leveraging private capital in 🇺🇦 for key sectors like agriculture, infrastructure, & energy.
In October,
@DFCgov
announced a $425M loan to TP Solar to finance the construction of a 4GW solar manufacturing facility in Tamil Nadu.
Through our investments in India, we are helping 🇮🇳reach its ambitious renewable energy goals, while helping to diversify global supply chains.
Learn more about DFC’s $425M loan to TP Solar, which is advancing the construction and operation of a solar manufacturing facility that will diversify India’s solar supply chains and support as many as 2,400 jobs, with a focus on employing women. ☀️
“It may not often make headlines, but support for the country’s private sector is critical for Ukrainians holding the line against Russia’s aggression.”
Read more about how
@DFCgov
is supporting 🇺🇦 in
@FortuneMagazine
.
Millions around the world depend on the harvest of 🇺🇦’s smallholder farmers.
@DFCgov
's $250M in financing for MHP, Ukraine's leading producer of poultry and grain, is boosting the Ukrainian private sector while promoting global food security.
Congrats to Pres
@emansionliberia
on his recent election. As
@VP
said, private sector investment is a key 🇺🇸priority. DFC is providing $20M in financing to extend lending to small businesses in Liberia, & we're continually looking at ways to build upon our longstanding ties to 🇱🇷
Yesterday, I called President Joseph Boakai of Liberia to congratulate him on his election.
We discussed the importance of democracy and rule of law in the region and our efforts to promote private sector investment in Africa.
Excited to be back on the road for my first trip of the year. I’m headed to India,
@DFCgov
’s largest single market. Our exposure in the Indo-Pacific has grown rapidly, in energy, health, food security, and more.
Check out our year-end report to learn more
[2/2] Ecuador is
@DFCgov
's largest
market in the Western Hemisphere. In just the last 2 years, we've committed >$1.2B across sectors including energy security, climate infrastructure, small business support, and financing for underserved communities.
Today, we’re announcing $24M in
@DFCgov
financing for Miro Forestry to expand its sustainable forestry in West Africa. We’re delivering on
@POTUS
’s climate goals by partnering with the private sector for market-driven climate solutions.
Read more:
.
@DFCgov
is showing up for Ukraine, taking steps to keep its economy moving at this critical moment.
Learn more about our work to support the 🇺🇦 private sector below.
Great to join my friend
@amoshochstein
and DFC’s partner, NIIF CEO Rajiv Dhar, to discuss how
@DFCgov
is mobilizing private capital to help close the global sustainable infrastructure financing gap and deliver on our climate goals.
#COP28
LIVE: CEO Nathan takes the stage at
#COP28
to highlight DFC’s leading role advancing
@US_PGI
through strategic infrastructure investment across the world.
On my way to
#MSC2024
at a critically important time.
We need to show up for our allies and strengthen our partnerships to build a safer & more prosperous world. Looking forward to meeting with partners to discuss how
@DFCgov
’s work advances that vital effort.
[1/2] One year ago, I visited 🇺🇦 to meet with PM
@Denys_Shmyhal
, First Deputy PM
@Svyrydenko_Y
, and Deputy PM of Restoration
@OlKubrakov
to discuss how DFC can drive private sector investment to help sustain Ukraine’s economic recovery and position the country for reconstruction.
Following up on my recent visits to Vietnam, I met with
@VinFastofficial
today at
#COP28
to reaffirm
@DFCgov
's interest in partnering on EV battery manufacturing.
A diverse supply chain for these batteries will create competition & expedite the clean energy transition.
DFC signed a letter of interest indicating our support for
@VinFastofficial
’s lithium-ion battery manufacturing facilities in Vietnam—an innovative project that will accelerate a more sustainable future for the country’s transportation sector.
[2/7] DFC approved a loan of up to $250M to support Africa Finance Corporation's mission to develop critical infrastructure across the continent.
@Africa_Finance
is a key pan-African multilateral development finance institution and we are proud to be building upon our partnership
Ensuring energy security in Eastern Europe is a top priority for
@DFCgov
. At
#MSC2024
, I met Bulgarian PM
@AcadDenkov
to discuss how we can partner w/ the private sector to promote regional connectivity and help 🇧🇬 & its neighbors secure access to the energy resources they need.
I had a productive meeting with Pres.
@NAkufoAddo
at
#MSC2024
. As I saw on my October trip to Accra, 🇬🇭 holds great potential for private sector-led development. Looking forward to building on our current investments in Ghana supporting small biz, energy, & infrastructure.
I was pleased to meet with Kyiv mayor
@Vitaliy_Klychko
to discuss how
@DFCgov
can leverage the private sector to keep the 🇺🇦 economy going at this critical time.
#MSC2024
[3/7] DFC is extending a $150 million loan to Nu Colombia to finance the expansion of its digital banking products and innovative credit cards, thereby increasing access to finance to underserved and rural communities in
🇨🇴.
FY23 was a banner year for us at
@DFCgov
, w/ $9.3B in new commitments advancing development & furthering US foreign policy priorities.
We've compiled an Annual Report showcasing the impact our investments are having around the world. Take a look below:
We're thrilled to share our journey over the last year!
Our Annual Report is out now, packed with stories of success, milestones, and insights.
Check out what we've achieved and where we're headed next:
Congratulations to John Kerry on wrapping up such a productive tenure as SPEC.
There’s no greater and more tireless champion for the health of the planet.
I finished up a great visit to Moldova yesterday, where I had the opportunity to discuss opportunities for additional partnership with President
@sandumaiamd
and PM
@DorinRecean
.
@DFCgov
is committed to advancing development in🇲🇩and bolstering energy security in Eastern Europe.
[4/7] DFC is doubling down on its efforts to mobilize capital to small businesses in Sub-Saharan Africa.
We approved a $65 million loan to SFC Finance Limited to fund on-lending to small businesses.
On my recent visit, I saw firsthand how bicycles can be a key way to get around the traffic congestion of São Paulo.
@DFCgov
's $15M investment is helping
@Tembici
expand its bike-sharing services across LatAm to >1M users by 2029, creating local jobs & localized manufacturing
[2/2] Today,
@DFCgov
remains a steadfast partner in supporting resilience in the face of Russian aggression, with over $1B committed in Ukraine to date. We've leveraged the full range of financial instruments DFC has to offer, and are continually exploring how we can do more.
.
@DFCgov
will soon open an office for the Caribbean, based at
@EmbajadaUSAenRD
, to support private sector investment in the region.
I was pleased to meet with President
@luisabinader
to discuss this development and opportunities for further growth in the Dominican Republic.
Están de visita en la República Dominicana el señor Scott Nathan, director ejecutivo de la Corporación Financiera de Desarrollo Internacional de los Estados Unidos (DFC por sus siglas en inglés) y la señora Isobel Coleman, administradora adjunta de la Agencia de los Estados
Access to finance is key to helping bring underserved communities into the formal economy.
I was pleased to announce that
@DFCgov
has approved a $200M loan to
@Popularenlinea
to support small business lending in the Dominican Republic, particularly to women entrepreneurs.
I was pleased to meet with Georgian FM
@iliadarch
to discuss
@DFCgov
’s continued commitment to support development in 🇬🇪, including in infrastructure and energy, as well as opportunities for future partnerships with the private sector.
#MSC2024
On the margins of
#MSC2024
met with U.S. International Development Finance Corporation CEO Scott Nathan
@DFCgov
. Discussed the dynamics of 🇬🇪🇺🇸 strategic partnership and focused on the opportunities to strengthen economic ties between🇬🇪🇺🇸.
.
@DFCgov
support is a key way 🇺🇸 shows up for our partners. We bolstered Moldova's efforts for energy diversification with $400M in political risk insurance for Energy Resources of Ukraine. Now 🇲🇩's President says Russia can't use gas to "blackmail" them.
I'm en route to Brazil today, where I'll be announcing
@DFCgov
financing for the Brazilian private sector that continues the 🇧🇷 – 🇺🇸 partnership and expands DFC’s work in this critical market.
Just wrapped up a visit to the Indian Institute of Technology – Madras Research Park with
@USAndIndia
. It was exciting to see how academia can help boost local startups and established companies in fields as varied as artificial intelligence and biomedical research.
I met with 🇧🇷 Finance Minister
@Haddad_Fernando
yesterday in Brasilia.
We discussed our shared priorities and how
@DFCgov
’s work can help drive economic growth and development in Brazil—and continue the 200-year strong U.S.-Brazil partnership.
[6/7] In collaboration w/
@USAIDES
, DFC is working to promote transportation in El Salvador. We approved a $6M loan to Flexiplan to extend access to
motorcycle financing to underserved populations, improving mobility and creating income-generation opportunities for the 🇸🇻 people
Great to visit
@BeWellHospitals
in Poonamallee, India today and see the impact of their work firsthand. $4.6M in DFC loans has helped fund the construction of 5 new multi-specialty hospital certified in trauma and critical care, directly serving the community.
DFC’s investments are at work in India!
@BeWellHospitals
is using a $4.6M DFC loan to improve health infrastructure and expand access to medical services for low-income rural patients.
DFC is proud to have committed $25M in political risk insurance to support the life-saving work that Superhumans Center is doing to care for those wounded in Russia's war on 🇺🇦. The project is helping to ensure the wounded are able to return to their lives
[1/3] Two years ago, we watched in horror as Russia launched its expanded assault on Ukraine. That same day I was sworn in by
@VP
. I'm proud of DFC's ability to pivot quickly & find new ways to support Ukraine. The continued strength of the 🇺🇦 people should inspire us all.
[7/7] DFC is expanding access to e-commerce in Senegal. Our $5M loan to QuantumID will provide financing to expand the company’s technologies, management systems, & last mile services across 🇸🇳
And that's just some of our new projects. Check out the rest
Sri Lanka is one of DFC’s largest markets in the Indo-Pacific region. Pleased to meet with 🇱🇰 FM
@alisabrypc
to discuss
@DFCgov
’s work to promote the free flow of goods across the Indian Ocean & opportunities to invest in energy and other key sectors in Sri Lanka.
#MSC2024
As part of World Bank week, I was excited to host my counterparts at G7 development finance institutions at
@DFCgov
today to discuss how we can bring our shared objectives to life.
Collaboration with our partners is key to maximizing collective impact and driving lasting change
DFC has invested $15M to help
@tembici
scale up its urban electric bike-sharing services.
Today in São Paulo, I had the chance to meet w/ their team & hear how they are providing affordable, accessible transportation options—w/ plans to grow to >1M users across LatAm by 2029
We are devastated by the tragic death of Access Bank CEO Herbert Wigwe, with his family & others. Access Bank is an important partner for DFC in financing for entrepreneurs, especially women, in Nigeria. Our deepest condolences to Herbert’s entire family and the Access Bank team.
Today, we bid farewell to a visionary leader,
@HerbertOWigwe
, whose passion and unwavering commitment to excellence transformed Access into a global powerhouse.
His legacy of excellence and compassion will continue to inspire us all.
Rest in peace, Herbert Wigwe. Your impact
Enjoyed meeting Moldovan Minister of Energy
@VictorParlicov
yesterday to discuss how
@DFCgov
can further help 🇲🇩 diversify its energy sector.
I’m proud that DFC’s risk insurance played a key role in helping the country turn away from Russian gas.
Great to sit down with
@Jurnal_TV
’s Dumitro Misin for a conversation about the work that
@DFCGov
is doing in Moldova to support small businesses, energy security, and more.
Great to speak at the Powering Africa Summit today.
With $11B in exposure, Africa is
@DFCgov
's largest market. Increased access to reliable energy drives economic growth and we're eager to do more highly impactful energy infrastructure projects in Africa.
#PAS24
With $400M in commitments in a variety of areas, including energy, health, agribusiness & small biz support, Senegal is a key market for DFC.
I was pleased to meet w/ Economy Min.
@RahmaneSARR
, Finance Min. Diba, and Amb. Kane to discuss opportunities for future investment in 🇸🇳
Unlocking 🇮🇶’s economic potential requires empowering the private sector, especially small businesses.
I was pleased to join PM
@mohamedshia
to announce
@DFCgov
's $50M loan to the National Bank of Iraq to expand access to financing for small biz, new borrowers and entrepreneurs
Growth is on the horizon for Iraqi SMEs! 🇮🇶 DFC and
@USAID
’s $50M loan agreement with the National Bank of Iraq will unlock economic opportunity for first-time borrowers and women entrepreneurs.
[3/3] The resolve & tenacity of the Ukrainian people during this war has moved & motivated us
@DFCgov
. We're continually exploring new ways to bolster the 🇺🇦private sector. In Ukraine & across the globe, DFC is working w/ allies & partners to build a safer & more prosperous world
Great to meet Guatemalan President
@BArevalodeLeon
to hear about his administration’s economic plans and discuss how
@DFCgov
can deepen its engagement in 🇬🇹, including key sectors like energy & small business support.
#MSC2024
Last week,
@DFCgov
renewed its MOU w/ the Japan Bank of International Cooperation.
Today, I was pleased to meet w/ JBIC Governor Hayashi Nobumitsu to discuss how we can work together to scale investments in key sectors – including infrastructure – in the Indo-Pacific & globally
As new industries emerge, critical mineral supply chains are increasingly vital to national security and economic competitiveness.
In September,
@DFCgov
approved a $150M loan to Twigg for its mining operations in Mozambique, helping to diversify the global supply of graphite.
[2/3] DFC has worked to help keep the 🇺🇦 economy going & accelerate recovery in key sectors. DFC commitments in Ukraine now total >$1B.
Our robust support has shown how this small agency can be a powerful tool for advancing
@WhiteHouse
foreign policy objectives.
@DFCgov
’s $300M in financing for the Three Seas Initiative Investment Fund will support European energy security and diversification, and build on the nearly $2B in energy security investments DFC has made since Russia’s brutal, unlawful invasion of Ukraine. (2/2)
To supply the global clean energy transition, we need to expand critical mineral production— and do it with the highest standards. Excited to announce a new $50M investment that will advance our development & energy security goals.
News: Biden admin forges first mineral deals at climate talks.
#COP28
“
@DFCgov
formally approved $50 million in financing for TechMet, a private investment company that’s partnering in a South African rare earths project.”