WASHINGTON – The U.S. International Development Finance Corporation (DFC) today announced Larry Sacks will serve as the Corporation’s Chief Development Officer (CDO). As CDO, Mr. Sacks will be responsible for driving agency-wide measurable impact and ensuring that DFC’s portfolio meets its development mandate.
"I am thrilled to welcome Larry Sacks to DFC,”said DFC CEO Scott Nathan. “He brings a deep understanding of key markets and the actual needs on the ground as well as keen strategic insight from more than two decades of service in international development and diplomacy. I look forward to drawing upon Larry’s expertise as we strengthen DFC’s capacity to drive developmental impact and advance our country’s foreign policy priorities.”
Mr. Sacks will lead DFC’s efforts to pursue the most highly developmental projects in emerging markets and coordinate interagency partnerships.
Mr. Sacks brings extensive experience to the role, with over 20 years of experience in international development and diplomacy. Prior to DFC, he served as Senior Deputy Assistant to the Administrator in the Bureau for Humanitarian Assistance at United States Agency for International Development (USAID), where he led efforts to respond to international disaster, as well as mitigate the impact of disasters and promote disaster resilience among communities.
Previously, Mr. Sacks served as Mission Director for USAID/Colombia, where he oversaw the agency’s largest portfolio in Latin America focused on advancing Colombia’s transition from over 50 years of violent conflict to a sustainable and inclusive peace. At the time he led USAID’s largest Development Credit Authority program worldwide, which focused on both victims of conflict and Venezuelan migrants.
Prior to his role in Colombia, Mr. Sacks served as Mission Director for USAID/El Salvador, where he led regional efforts to address the underlying root causes of migration. He has also served in Mexico, Peru, Romania, and at USAID headquarters in Washington, D.C.
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.