New US Development Entity Will Spur Investment In Africa
Law360 (January 15, 2019, 5:03 PM EST) -- The global emerging-markets private equity community is abuzz with the prospect of a new U.S. development funding institution coming on the scene this year. This new entity – the United States International Development Finance Corporation, or USIDFC, is being eagerly awaited by myriad U.S. and foreign equity investor groups, especially those looking to invest in Africa and Latin America in the next three to five years. By all counts and legislative protocol, the USIDFC is expected to become operational in the fourth quarter of this year.
With the promise to substantially improve upon the existing capability of the United States' current...
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