MICROCAPITAL BRIEF: Scott Nathan Takes Helm as CEO of DFC, Major Funder of Microfinance in Low-, Middle-income Countries

Scott Nathan recently was confirmed by the US Senate to serve as CEO of the US International Development Finance Corporation (DFC), which partners with “the private sector in the developing world to improve livelihoods and address global challenges like climate change, pandemic threats and persistent economic disparities.” Mr Nathan has worked in investment – in the private sector – for 20 years. He also has served in the US State Department, the US Office of Management and Budget, and the White House.

DFC was launched in 2020 to “help businesses expand into emerging markets, foster growth and improve lives in the developing world while reinforcing US foreign policy and national security interests.” The organization issues equity placements, insurance, technical assistance and research in areas such as “energy, healthcare, critical infrastructure and technology.” Upon its founding, DFC took over the work of the Overseas Private Investment Corporation (OPIC) as well as the Development Credit Authority of the US Agency for International Development. During 2020, DFC brought in net income of USD 232 million, closing the year with assets of USD 12 billion.

By Sheen Gupta, Research Associate

Sources and Additional Resources

DFC press release
https://www.dfc.gov/media/press-releases/statement-acting-ceo-dev-jagadesan-confirmation-dfc-ceo-scott-nathan

Previous MicroCapital article on DFC
https://www.microcapital.org/microcapital-brief-atb-secures-23m-loan-guarantee-from-dfc-for-local-currency-lending-to-msmes-in-tunisia/

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