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Lawsuit Seeks Public Accountability for U.S. Financing of Climate-Damaging International Projects

Center for Biological Diversity: WASHINGTON Environmental groups sued the United States International Development Finance Corporation, or DFC, today for illegally exempting itself from the Sunshine Act, which requires multi-member federal agencies to open deliberations to the public. The DFC provides billions of dollars in financing each year to international projects, including fracking and environmentally destructive road-building. ....

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Lawsuit Seeks Accountability for Financing of Climate-Damaging Projects

WASHINGTON Environmental groups sued the United States International Development Finance Corporation (DFC) today for illegally exempting itself from the Sunshine Act, which requires multi-member federal agencies to open deliberations to the public. The DFC provides billions of dollars in financing each year to international projects, including fracking and environmentally destructive road-building.
The Trump administration exempted the agency from the Sunshine Act in April 2020, despite the fact that the DFC’s predecessor agency, the Overseas Private Investment Corporation, or OPIC, was subject to the act. In response to the litigation, the DFC has claimed that the Sunshine Act does not apply to it, meaning DFC is under no obligation to notify and hold public meetings. ....

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A New Comprehensive China Policy: Principles and Recommendations for a Serious Debate in Congress

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Senate Majority Leader Chuck Schumer (D–NY) has prioritized Senate passage of a major new bill on U.S. China policy. How the bill will come together a total of eight committee chairs have been tasked with drafting it remains an open question. Whatever the ultimate vehicle, this bill is a once-in-a-decade opportunity for Congress to develop a comprehensive approach to China. It should adhere as closely to the regular order as possible. In the process, Members should consider the following principles and specific policy recommendations.
Seven Principles for a Congress-Led China Policy
In order to fashion a China policy that is in the U.S. national interest, Congress should: ....

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Development Depends on More Than Aid

A new U.S. agency promises to harness the power of private investment. ....

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'Reducing bureaucratic restrictions can be welcoming for impact investment'

‘Reducing bureaucratic restrictions can be welcoming for impact investment’
March 01, 2021
Ajay Rao, Regional Managing Director for South Asia, US International Development Finance Corporation (DFC)×
In an exclusive interview with BusinessLine, Ajay Rao, Regional Managing Director for South Asia, DFC shares his views on impact investment in India, challenges and opportunities.
US International Development Finance Corporation (DFC), the US government’s development finance institution, has been partnering with the private sector to finance solutions to the most critical challenges facing the developing world. In India, DFC has an outstanding portfolio of over $2.5 billion across 50 projects including commitments in renewable energy, financial services and impact investments in agribusiness and healthcare. ....

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