World finance rivers avenue


DFC Commits More Than $12 Billion in Fiscal Year 2024 to Address Foreign Policy and Development Priorities

Media Release

 

Includes More Than $3.4 Billion in Transactions Approved and Committed in the Fourth Quarter

 

WASHINGTON, D.C. – With more than $12 billion committed to new projects in Fiscal Year 2024 (FY24), the U.S. International Development Finance Corporation continues to increase its commitments year over year to address many of the world’s greatest challenges through the mobilization of private capital. On the heels of a strong fourth quarter, the 181 new transactions in FY24 advance developmental impact and national security priorities around the world in alignment with DFC’s five priority sectors: health, infrastructure, energy, agribusiness, and small business support.

“Fiscal Year 2024 has been a productive and record-setting year for the DFC team, and the huge accomplishments of the fourth quarter demonstrate the enormous progress DFC has made in meeting our mandate under the BUILD Act,” said DFC CEO Scott Nathan. “Our investments around the world are boosting development in emerging economies and advancing key U.S. foreign policy obj

Get the money you need now with a same-day personal loan.*

How much do you need?

$450

$3000

$6000

$9000

$12,000

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.

Get a personal loan

Fixed interest rates, flexible loan terms, and fast funds to handle unexpected expenses, consolidate debt, take on repairs, and more.

Apply now

File your taxes

Whether you need tax help or want to get your refund early, take the stress out of tax season with 3 easy filing options (and a same-day Tax Advance Loan).

Start filing

Join Motor Club

Take care of your car – and the people inside it. Get on-call protection and peace-of-mind with a Motor Club membership.

Learn More

“If you’re looking to build credit or need a little extra cash to meet your financial goals, I highly recommend World!”

Kanifa Bradley, World customer for 11 years

Loans

Easy, affordable personal loans

A personal installment loan with World gets you the money you need now while you build your financial future.

Up-Front Pricing

When hidden fees and fluctuating rates add up, you can be stuck with a bigg

World’s Largest Debt Conversion for Conservation of a River and its Watershed Completed in El Salvador

All savings generated by the transaction will be applied over time to support conservation, water security, and ecosystem restoration in the Lempa River (Rio Lempa) watershed. JPMorgan Chase Bank, N.A. acted as sole arranger and lender for the loan and J.P. Morgan Securities LLC acted as dealer manager in the tender offer for El Salvador’s bonds.

DFC, the U.S. Government’s international development bank, is providing $1 billion in political risk insurance (PRI) while CAF is providing a $200 million standby letter of credit (SBLC). The combination of the DFC PRI and the CAF SBLC will provide integral credit enhancements that support the transaction, which in turn catalyzes the additional investment in El Salvador’s conservation and ecosystem restoration efforts in the Rio Lempa watershed. ArtCap Strategies acted as financial advisor and global coordinator for the transaction.

The Rio Lempa watershed is one of the longest rivers in Central America and plays an important role in the well-being of cities, communities and the economy in El Salvador by providing drinking water, as

.


.

world finance rivers avenue