DFC, IFC, and DFI Partners Support South African COVID-19 Vaccine Maker
DFC, along with IFC, Proparco, and DEG, announced a joint financing package for Aspen Pharmacare Holdings Ltd., a leading pharmaceutical company in South Africa that is playing a major role in the production of COVID-19 treatment therapies and vaccines on the continent. The joint financing to Aspen would help increase capacity to support Aspen's effort to produce vaccines.
DFC Approves Nearly $873 Million in New Investments
DFC's Board of Directors approved seven investments this quarter aimed at advancing the global COVID-19 response, promoting gender equity, and fostering development in low and lower-middle income countries.
Backing a New Global Infrastructure Initiative
During the G7 Summit, DFC announced that it will support the Build Back Better World (B3W) Initiative, which focuses on advancing values-driven, high-standard, and transparent infrastructure projects across the developing world.
2X Challenge Sets Ambitious New Fundraising Goal
The 2X Challenge, founded by the G7 DFIs, announced its new goal to mobilize $15 billion by the end of 2022 for gender-lens investment after surpassing its original target by 100 percent.
G7 DFIs to Invest $80 Billion in African Businesses
DFC along with DFI and private sector partners, committed to invest $80 billion in Africa’s private sector over the next five years to support sustainable economic recovery and growth.
Vice President Harris Highlights DFC Investments
During her travel to Guatemala and Mexico, Vice President Harris highlighted DFC’s investments in the countries aimed at supporting affordable housing, advancing agri-business, and financing SMEs across the region.
Supporting Refugees in the Middle East
A $10 million loan to the Near East Foundation UK will advance the agency’s first Development Impact Bond focused on improving economic opportunities for refugees and host populations in Jordan and Lebanon.
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