WASHINGTON – U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler today issued the following statement on President Trump’s delegation of authorities to the DFC CEO under the Defense Production Act (DPA):
“America’s private sector is what sets us apart and makes us unique as a nation. Over the past several weeks I’ve worked closely with the private sector on the President’s vision for a public-private-partnership response to address this health crisis.
“I stood in the Rose Garden weeks ago and watched as CVS and Walgreens—normally tense competitors—stood shoulder-to-shoulder because our nation was in need. I worked with the rest of the Administration and saw the strength of America’s manufacturing as we worked with U.S. manufacturers to secure an unprecedented 150,000 ventilators, allowing us to help our citizens and the citizens of many other countries. What this shows us is that a stronger America is a catalyst for a stronger world.
“Today, DFC has been asked to further strengthen the American domestic industrial base and ensure resiliency in critical supply chains. DFC has been a proud partner in investing in developing countries for nearly 50 years and will remain unwavering in our commitment to investing in emerging markets, many of which are also suffering from this pandemic. The focus on the international response is at the forefront of all that DFC does as we seek to invest billions in global health resiliency. With the President’s Executive Order, DFC will have the tools under the DPA to re-shore critical industries in our country, advancing our national security and the security of allies all over the world.
“This issue is not a partisan issue. It’s an American issue, and I’m proud to support this Administration’s vision for a stronger, safer America in these challenging times.”
U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.