Financial Times: U.S. development finance must have a domestic imperative
Aubrey Hruby, senior fellow in the Atlantic Council’s Africa Center

“…[I]t is a competitive necessity that U.S. companies and investors continue to expand and seize opportunities in fast-growing markets such as those in Asia and Africa. … Yet, the success of this new era in U.S. international development finance in emerging markets will not be determined outside the U.S., but within it. While, by mandate, the [Development Finance Corporation (DFC)] must operate internationally, it must also embrace a domestic imperative to actively mobilize institutional capital and better support U.S. investors who venture into new markets. This will require the DFC to address key data, network, visibility, and structural gaps that have historically handicapped U.S. investment in the emerging world. … Pervasive data, network, visibility, and structural gaps have slowed the natural movement of capital from the U.S. to emerging markets. With a strong domestic mobilization effort, the DFC could tap into pools of U.S. institutional capital to encourage mutually-beneficial, high-impact investments for decades to come” (4/2).