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Published on April 22, 2024
DFC CEO Scott Nathan Spearheads Global Development Deals at World Bank Group's Spring MeetingsSource: U.S. International Development Finance Corporation

The U.S. International Development Finance Corporation (DFC) is putting its wallet where its policy is, striking deals and pushing development at the World Bank Group's Spring Meetings. DFC's top dog, CEO Scott Nathan, sat down with a bunch of global high-flyers this week to chat about leveraging the private sector into global development efforts.

In a power move for collaboration, Nathan kicked off the first-ever DFI Alliance Forum, roping in the big cheeses from the G7 DFIs. Not just stopping there, Nathan sidled up alongside U.S. Special Representative for Ukraine’s Economic Recovery Penny Pritzker in a private powwow aimed at beefing up Ukraine’s agricultural sector, as DFC reported.

At the Semafor World Economy Summit, Nathan talked turkey on cracking the nut of Africa’s infrastructure deficits using some out-of-the-box financial solutions. He also inked a deal with IDB Invest on a new co-financing setup, throwing in with the big guns to lay down the green.

More than just a handshake, DFC also committed a cool $50 million loan to the National Bank of Iraq. While attending the summit, the objective was clear — empower Iraqi entrepreneurs to flip the script for their country's future. Additionally, they’re planting seeds of change with up to $4 million funneled into Regenera Ventures I to spur regenerative agriculture ventures in rural Mexico.