SAN FRANCISCO – The U.S. International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan traveled to San Francisco from November 15-16 to attend the Asia-Pacific Economic Cooperation (APEC) Summit. CEO Nathan attended numerous summit events and met with government and private sector leaders and partners to discuss DFC investments that advance economic growth across the Asia Pacific. At the Summit, CEO Nathan participated in the Partnership for Global Infrastructure and Investment (PGI) Indo-Pacific Economic Framework for Prosperity (IPEF) Investor Forum, during which he announced two new initiatives DFC is leading in the region. First, DFC is working with India to advance the creation of an up to $2 billion fund to help accelerate India’s clean energy transition. Second, DFC intends to sign a letter of interest with VinFast, a Vietnamese electric vehicle (EV) manufacturer, to support the expansion of its EV manufacturing, battery processing, and charging infrastructure throughout Vietnam. In addition to these announcements, CEO Nathan highlighted that DFC committed nearly $3 billion to the Indo-Pacific region in FY2023, $1.8 billion of which went to IPEF markets to advance initiatives from climate resilience to renewable energy to sustainable agriculture to effective healthcare. CEO Nathan also met with Prime Minister of Papua New Guinea James Marape to discuss boosting investment in the country and the Pacific. He also met with Secretary of Finance of the Philippines Benjamin Diokno to discuss exploring how DFC can advance investment in key sectors in the Philippines, including infrastructure and critical minerals.
The U.S. International Development Finance Corporation (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, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.