The United States International Development Finance Corporation has approved 22 new transactions in the first quarter of FY2025 at the board and sub-board levels, totaling nearly $3 billion.
The transactions, which span the globe, will advance key DFC priorities to promote health, energy, and food security; address the root causes of migration; revitalise critical infrastructure; support small businesses; and address other strategic and developmental imperatives in line with United States foreign policy objectives.
The transactions approved by DFC’s board of directors this quarter include; efforts to strengthen money markets worldwide, a $100 million loan to Southeast Asia Commercial Joint Stock Bank (“SeABank”) which will increase access to finance and support economic empowerment across Vietnam.
Up to $150 million loan in partnership with IDB Invest and other development finance institutions to enhance connectivity in Brazil among others.
Other approved investment at the sub-board level, includes, funding Brazil’s healthcare innovators with up to $15 million equity investment in DNA Capital VC II.
A $1 million loan to Ilara Health Inc. will also help upgrade private outpatient clinics delivering care to underserved communities in Kenya.
It also includes Financing women and smallholder farmers around the world, among other projects.