While the U.S. has cut foreign assistance programs targeting women, a gender-focused U.S. Development Finance Corporation, or DFC, initiative still exists. But according to sources, it has become less visible and is no longer a strategic priority.
Date: 3/26
Region: Global
Country: Global
Topic: Gender Equality & Inclusion, Economy & Livelihoods
Policy Lens: Economic & Trade Interests
Entry Type: Operational Impact
Additional Context: The 2X initiative launched in 2018 with a goal for the Overseas Private Investment Corporation, or OPIC — the precursor to the DFC — to invest $350 million in projects to support women. That included increasing financing to women-owned businesses, improving access to water, and creating job opportunities. At the time, it was the largest one-time commitment by a single U.S. agency for global women’s economic empowerment.
According to Devex reporting, a DFC spokesperson said that “As mandated by the BUILD Act — Section 1451, Women’s Economic Empowerment — DFC is required to consider economic impacts of its support on women’s economic opportunities and outcomes and prioritize the reduction of gender gaps.” 2X transactions continue at roughly similar levels, though meeting the initiative’s broader targets may be more difficult
Source: Devex