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22 U.S.C. § 9656 — Engagement with investors

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 9656 — Engagement with investors

**(a) In general** The Corporation, acting through the Chief Development Officer, shall, in cooperation with the Administrator of the United States Agency for International Development— (1) develop a strategic relationship with private sector entities focused at the nexus of business opportunities and development priorities; (2) engage such entities and reduce business risks primarily through direct transaction support and facilitating investment partnerships; (3) develop and support tools, approaches, and intermediaries that can mobilize private finance at scale in the developing world; (4) pursue highly developmental projects of all sizes, especially those that are small but designed for work in the most underdeveloped areas, including countries with chronic suffering as a result of extreme poverty, fragile institutions, or a history of violence; and (5) pursue projects consistent with the policy of the United States described in [section 9611 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9611&num=0&edition=prelim) and the Joint Strategic Plan and the Mission Country Development Cooperation Strategies of the United States Agency for International Development. **(b) Assistance** To achieve the goals described in subsection (a), the Corporation shall— (1) develop risk mitigation tools; (2) provide transaction structuring support for blended finance models; (3) support intermediaries linking capital supply and demand; (4) coordinate with other Federal agencies to support or accelerate transactions; (5) convene financial, donor, civil society, and public sector partners around opportunities for private finance within development priorities; (6) offer strategic planning and programming assistance to catalyze investme

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Source file: Laws/federal/codes/united-states-code/title-22/section-9656-engagement-with-investors--da1fa08330.md
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Source location: Title 22, Chapter 103, § 9656; chapter-103-better-utilization-of-investments-leading-to-development.md

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 9611 — Definitions

In this chapter: (1) **Advancing income country** — The term “advancing income country”, with respect to a fiscal year for the Corporation, means a country the gross national income per capita of which at the start of such fiscal year is— (A) greater than the World Bank threshold for initiating the International Bank for Reconstruction and Development graduation process; and (B) is equal to or less than the per capita income threshold for classification as a high-income economy (as defined by the World Bank). (2) **Appropriate congressional committees** — The term “appropriate congressional committees” means— (A) the Committee on Foreign Relations and the Committee on Appropriations of the Senate; and (B) the Committee on Foreign Affairs and the Committee on Appropriations of the House of Representatives. (3) **Country of concern** — The term “country of concern” means any of the following countries: (A) The Bolivarian Republic of Venezuela. (B) The Republic of Cuba. (C) The Democratic People’s Republic of Korea. (D) The Islamic Republic of Iran. (E) The People’s Republic of China. (F) The Russian Federation. (G) The Republic of Belarus. (4) **High-income country** — The term “high-income country”, with respect to a fiscal year for the Corporation, means a country with a high-income economy (as defined by the World Bank) at the start of such fiscal year but does not include any wealthy country except to the extent investments in such wealthy country are permitted pursuant to [section 9612(f) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9612/f&num=0&edition=prelim). (5) **Less developed country** — The term “less developed country”, with respect to a fiscal year for the Corporation, means

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 9613 — United States International Development Finance Corporation

**(a) Establishment** There is established in the executive branch the United States International Development Finance Corporation (in this chapter referred to as the “Corporation”), which shall be a wholly owned Government corporation for purposes of chapter 91 of title 31 under the foreign policy guidance of the Secretary of State. **(b) Purpose** The purpose of the Corporation shall be to mobilize and facilitate the participation of private sector capital and skills in the economic development of less developed countries, as described in subsection (c), countries in transition from nonmarket to market economies, and other eligible foreign countries, in order to complement the development assistance objectives, and advance the foreign policy and national security interests, of the United States. In carrying out its purpose, the Corporation, utilizing broad criteria, shall take into account in its financing operations the economic and financial soundness and development objectives of projects for which it provides support under subchapter II of this chapter. **(c) Eligible countries** (1) **Less developed country focus** — The Corporation shall prioritize the provision of support under subchapter II of this chapter in less developed countries. (2) **Advancing income countries** — The Corporation may provide support for a project under title II in an advancing income country if, before providing such support, the Chief Executive Officer certifies in writing to the appropriate congressional committees, that such support will be provided in accordance with the policy established pursuant to subsection (d)(2). Such certification may be included as an appendix to the report required by section 1446. (3) **High-income countries** (A) *In general* — The Corporation ma

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 9672 — Limitations and preferences

**(a) Limitation on support for single entity** No entity receiving support from the Corporation under subchapter II of this chapter may receive more than an amount equal to 2.5 percent of the Corporation’s maximum contingent liability authorized under [section 9633 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9633&num=0&edition=prelim). **(b) Preference for support for projects sponsored by United States persons** (1) **In general** — The Corporation should give preferential consideration to projects sponsored by or involving private sector entities that are United States persons. (2) **United States person defined** — In this subsection, the term “United States person” means— (A) a United States citizen; or (B) an entity owned or controlled by an individual or individuals described in subparagraph (A). **(c) Preference for support in countries in compliance with international trade obligations** (1) **Consultations with United States Trade Representative** — Not less frequently than annually, the Corporation shall consult with the United States Trade Representative with respect to the status of countries eligible to receive support from the Corporation under subchapter II of this chapter and the compliance of those countries with their international trade obligations. (2) **Preferential consideration** — The Corporation shall give preferential consideration to providing support under subchapter II of this chapter for projects in countries in compliance with or making substantial progress coming into compliance with their international trade obligations. **(d) Worker rights** (1) **In general** — The Corporation shall only support projects under subchapter II of this chapter in countries that are taking steps

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 9656 — Notifications to be provided by the Cor-

Page 2284 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 9655 under subchapter II of this chapter on the internet website of the Department of State, ‘‘ForeignAssistance.gov’’, or a successor website or other online publication. (Pub. L. 115–254, div. F, title IV, § 1444, Oct. 5, 2018, 132 Stat. 3506.) § 9655. Engagement with investors (a) In general The Corporation, acting through the Chief De- velopment Officer, shall, in cooperation with the Administrator of the United States Agency for International Development— (1) develop a strategic relationship with pri- vate sector entities focused at the nexus of business opportunities and development prior- ities; (2) engage such entities and reduce business risks primarily through direct transaction support and facilitating investment partner- ships; (3) develop and support tools, approaches, and intermediaries that can mobilize private finance at scale in the developing world; (4) pursue highly developmental projects of all sizes, especially those that are small but designed for work in the most underdeveloped areas, including countries with chronic suf- fering as a result of extreme poverty, fragile institutions, or a history of violence; and (5) pursue projects consistent with the policy of the United States described in section 9611 of this title and the Joint Strategic Plan and the Mission Country Development Cooperation Strategies of the United States Agency for International Development. (b) Assistance To achieve the goals described in subsection (a), the Corporation shall— (1) develop risk mitigation tools; (2) provide transaction structuring support for blended finance models; (3) support intermediaries linking capital supply and demand; (4) coordinate with other Federal agencies

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