Shibbir Ahmed, WASHINGTON, D.C. — The U.S. International Development Finance Corporation (DFC) Board of Directors has approved more than $8 billion in new investments aimed at expanding U.S. exports, strengthening critical infrastructure and energy security, and supporting American technology and businesses in international markets.
The DFC said the investments include projects in Ukraine, Jordan, Sub-Saharan Africa and emerging markets, with additional support for critical minerals in West Africa. The agency described the package as part of its effort to advance U.S. economic and national security interests.
One major component will support U.S. exports to emerging markets through a counter-guarantee for the International Finance Corporation’s Global Trade Finance Program. The arrangement is designed to help foreign banks expand trade-finance capacity and facilitate purchases of American goods.
In Ukraine, DFC will provide financing to Vodafone Ukraine to strengthen telecommunications infrastructure, including the development of secure and reliable 5G networks. The agency also approved financing for a 200-megawatt/400-megawatt-hour battery energy storage portfolio across six Ukrainian sites. The project, developed by DTEK with technology from U.S.-based Fluence, is designed to improve the stability and resilience of Ukraine’s electricity grid. DFC said the storage system could provide enough power for approximately 600,000 homes for two hours.
In Jordan, DFC approved a loan for the National Carrier Project Company to support construction, operation and maintenance of a seawater desalination plant and water-conveyance system. Political-risk insurance will also be provided for equity investors Meridiam and Suez.
In Sub-Saharan Africa, DFC will make an equity investment in WIOCC Group to expand digital infrastructure across the continent. WIOCC operates telecommunications, data-center and fiber-network infrastructure spanning 30 African countries, according to DFC.
DFC is also supporting a critical-minerals project in West Africa. The agency said some additional transactions remain confidential because of commercial sensitivities and may require further steps, including congressional notification, before they can be formally committed and closed.
