The U.S. International Development Finance Corporation is a new, modernised agency that will support investments in developing countries to drive economic growth, support stability, and improve livelihoods. In this briefing to launch the programme, Overseas Private Investment Corporation Acting President and Chief Executive Officer David Bohigian give insight into the initiative. Excerpts:
By Witney Schneidman, Brookings Institution
Ethiopia’s prime minister, Dr. Abiy Ahmed—the youngest African leader at 42 years old—has initiated a series of unprecedented economic and political reforms in his first 12 months in office.
The core challenge that he faces is moving the economy from state-led to market-based growth while overseeing far-reaching political reforms. Success is far from guaranteed but his accomplishments so far have created an enormous sense of opportunity within the country.