Today, the United States Senate confirmed with strong bipartisan support Scott A. Nathan to be CEO of the U.S. International Development Finance Corporation (DFC). Scott’s unwavering commitment to promoting America’s interests abroad will strengthen DFC’s work leveraging the private sector in the developing world to improve livelihoods and address global challenges like climate change, pandemic threats, and persistent economic disparities. His leadership will also bolster infrastructure investments by advancing President Biden’s Build Back Better World (B3W) Initiative and keeping American businesses at the forefront of the global market.
Scott brings a unique and powerful mix of private and public sector experience to this position. He has nearly 20 years of private investment work as a partner, management committee member, and the Chief Risk Officer in a private partnership fund, as well as his many years of public service in the Obama-Biden Administration’s State Department and Office of Management and Budget and the Biden-Harris Transition team and White House Office of Presidential Personnel.
I am delighted to welcome Scott to DFC, and look forward to seeing DFC’s continued growth and achievements under his experienced and grounded leadership.
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.