Development Finance Corporation (DFC)

What this funds

The U.S. International Development Finance Corporation (DFC) is America's economic development finance institution, established through the Better Utilization of Investments Leading to Development (BUILD) Act of 2018 and reauthorized though the DFC Modernization and Reauthorization Act of 2025 under President Trump, is the international investment arm of the U.S. government. DFC partners with the private sector to advance U.S. foreign policy, drive impact and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, critical supply chains and advanced technology - fostering economic development, supporting U.S. interests, and delivering returns to American taxpayers. Through partnership with the private sector during an era of intensifying strategic competition, DFC has become a decisive tool of American economic statecraft. DFC will continue to implement a targeted strategy to benefit the American people and its economy in multiple ' DFC makes America stronger by investing in projects that counter strategic competitors and bolster supply chains of inputs critical to the U.S. economy, including critical minerals. ' DFC makes America safer by investing in projects that advance stable, secure, and healthy communities and markets to prevent threats before they reach U.S. borders. ' DFC makes America more prosperous by enabling U.S. businesses access to international and critical minerals, and others in line with U.S. national interests. Through DFC, the U.S. government is empowered with flexible investment tools that de-risks and mobilizes private capital. DFC targets key sectors that represent the highest-impact opportunities for the deployment of energy, advanced technology, food security and agribusiness, health, and small business and financial infrastructure. To meet the ambitious vision that the Trump Administration and Congress have for the Corporation, DFC requests $803.7 million for FY 2027 to better serve America's foreign policy, national security, and economic interests. Administrative Expenses: The budget request proposes administrative expenses of $243.7 million. This funding underpins the work DFC does around the world and in our offices in the United States. With this operating budget, DFC will be effective and efficient in helping to reduce the U.S. deficit by Program Funds: The request also includes $560 million in program funds. This will allow DFC to invest in projects that counter strategic competitors, bolster supply chains of critical minerals needed for the defense industry and other industries of the future and help U.S. businesses access strategic investment opportunities in critical minerals, infrastructure, energy, advancing technology, and other Equity Revolving Fund: The budget also proposes $3 billion in mandatory funds to fund the vision in DFC's reauthorization, to enable the use of DFC's equity tool for strategic investments to make America stronger, safer, and more prosperous. Structured as a revolving fund and score on a cash basis, DFC's authorization permits reinvestment of any realized returns from its initial investments. For FY 2027, DFC requests $243.7 million for administrative expenses. This level will provide the necessary resources to advance U.S. foreign policy, national security, and economic development goals. Administrative expenses support DFC's capability to properly execute new investments and monitor the existing portfolio of approximately $47 billion. DFC will use the administrative budget to maintain effective, efficient, and fiscally responsible operations. Funding will support DFC's underwriting capacity, including financing and political risk insurance capabilities, as well as an increased equity capacity; continue support for DFC's monitoring contractual compliance and evaluation requirements that measure economic impact in host countries and to the U.S. economy; sustain mission support functions to meet the demands of DFC's programs by improving the ability to efficiently and judiciously implement the Administration's priorities; and support DFC's lean overseas presence to source quality investments in strategic markets. DFC uses administrative resources to support the skilled workforce, processes, and technology needed to achieve its foreign policy objectives and help facilitate interagency coordination to ensure the best outcome for the United States' taxpayer. Each investment requires a bespoke approach to assessing the features and challenges of the host-country market and the competitive landscape, along with significant time and expertise. Administrative resources enable the Corporation to strengthen management and oversight of its portfolio, especially for complex and higher-value, higher-impact projects. This ensures DFC can manage risks and monitor results in a manner that maximizes the strategic and economic impact of its portfolio, while The FY 2027 program budget request of $560 million will enable DFC to bolster America's interests through strategic investments aligned with U.S. foreign policy and national security priorities. DFC is uniquely positioned within the U.S. Government to implement private-sector-driven solutions that advance U.S. foreign policy and national security objectives while addressing some of the world's greatest economic and geo-political challenges. Prime among these is countering America's strategic competitors, including China's Belt and Road Initiative. DFC offers a cost-effective approach to achieving significant strategic impact. The Corporation's private investment model enables each dollar of appropriations to have a energy, food security and agribusiness, health, and small business and financial infrastructure drive economic development, empower allies, and lay the foundation for more sovereign and self-reliant markets free from economic coercion--making America stronger, safer, and more prosperous. DFC's FY 2027 request maintains fee authority to use fees collected from clients to pay for project-specific transaction costs. Fee authority benefits taxpayers by allowing the Corporation to shift upfront costs to clients instead of using taxpayer resources, provides a fraud deterrent, and creates an incentive for clients to bring viable projects that ultimately lead to completion. DFC Office of Inspector General's (OIG)

Extracted from Foreign Operations, p. 95. Verbatim; nothing here is paraphrased.

Contracts funded by this line

7 linked contracts. These are obligations — lifetime awarded money — and they are not comparable to the request above and are never added to it. No total is shown: an award linked to several lines is counted in full on each, so the sum would not be a fact.

Confidence mix · 7 medium

Linked contracts are a floor, not a census. Coverage is bounded by how distinctively a program is named and, for performer links, to RDT&E and Procurement — O&M and military construction publish no performers. Budget figures are FY2027 request dollars; contract figures are obligations. The two measure different things and must never be summed together.

Ask this budget line

Answers come from the figures on this page and nothing else. These dollars are parsed from State's Congressional Justification and are approximate — confirm anything that matters against the cited page.