Devex: Former DCA head warns of perils of spinning agency into new U.S. Development Finance Corporation
“A former head of the United States Agency for International Development’s Development Credit Authority cautioned that the proposed U.S. Development Finance Corporation could end up jeopardizing the efficiency and ultimate success of DCA if restructuring is not handled properly. Ben Hubbard, who ran DCA during the Obama administration, said he supports creation of the new institution, but moving DCA into the new DFC, as proposed, could eliminate some of the characteristics that make it most effective…” (Welsh, 4/10).