DFC Commits up to USD130m to Five EM Funds in Africa, Latin America, Southeast Asia, and India

Source(s): US International Development Finance Institution (DFC)

US International Development Finance Corporation (DFC) has approved a series of commitments for a combined USD130m to five funds, including up to USD30m to AfricInvest Fund IV to support health care and financial services across Africa; up to USD30m to South Asia Growth Fund II to support businesses in the energy, water, and food sectors across India; up to USD25m to Asia Partners I to support innovating technology platforms in Southeast Asia; up to USD20m to Alta Growth Capital Mexico Fund III to support businesses in Latin America, with a focus on Mexico; and up to USD25m to SPE AIF I to support businesses expanding access to health care and education, strengthening supply chains, and streamlining logistics across North and Sub-Saharan Africa. Read more