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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.

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...

Toggle open close 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-Le...

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