Assistance program
Equity Investments
$784.0 Million committed in FY2023–FY2026
- Agency
- United States International Development Finance Corporation, United States International Development Finance Corporation
- Assistance
- Not Applicable
- CFDA number
- 87.004
- What it does
- 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. DFC invests across sectors including energy, healthcare, critical infrastructure, food security, and small business support. DFC investments adhere to high standards and respect the environment, human rights, and worker rights. DFC seeks to support early and growth-stage companies and projects that are otherwise not able to take on debt, especially companies in low and lower-middle income countries.
- Who benefits
- Not Applicable
- Who applies
- DFC supports investment in more than 100 countries around the world and prioritizes investment in low- and lower-middle-income countries, as defined by the World Bank. DFC may consider projects in certain upper-middle-income countries that address key agency priorities or serve underserved communities. Investors must be willing and able to make sufficient financial investment to the project to support its long-term viability. Projects DFC supports must demonstrate the competence of the management team and financial records in the same or a closely related business that show a recent record of success. All DFC projects are required to be conducted with respect for the environment, worker rights, human rights, and local communities, while also encouraging a positive host country impact. Evaluation of prospective applicants considers the following criteria: Real revenue and demonstrated product market fit; High growth with strong business model fundamentals; Large commercial market with potential for scale; Growth-stage companies with plausible exit routes; Experienced management team; Investments with like-minded DFIs, strategic investors, and/or private equity or venture capital firms; Sound legal structures and appropriate governance. See <https://www.dfc.gov/what-we-offer/our-products/equity-investments>. Other underwriting policies apply. Subject to negotiated terms and conditions. See <https://www.dfc.gov/apply>.
- Authorized by
- 22 U.S.C. § 9621(c)
Committed by fiscal year
* FY2026 is year-to-date — the fiscal year is still in progress, so its total is still filling in. The striped band and dashed line mark that provisional stretch.
Top recipients
By dollars committed.
How to read these numbers
- Committed through this program
Money committed under this assistance listing (its CFDA program), counted in the year each action happened.
- How it's paid
Most programs pay out one way — a grant, or a direct payment to individuals; the flow bar only appears when a program genuinely mixes types.
- Some recipients aren't itemized
For entitlement programs like Social Security and Medicare, the government reports one aggregate instead of naming tens of millions of people, so the recipient roster isn't part of the public record.
- Awards, counted once
An award count is the number of distinct awards with at least one action that year — each counted once, however many times it was amended.
- The colored bars
Every bar on this page splits by how the money moves:
Direct payments