Foreign Investment Financing
Active
- Assistance listing
- 70.002
- Grant awards
- 27 $70,898,546 in federal obligations
Program facts
- Assistance type
-
- Project Grant
- Eligible applicants
-
- Profit organization
- Individual/Family
- Beneficiaries
-
- Small business
- Private nonprofit institution/organization
- U.S. Citizen
- Public nonprofit institution/organization
- Treasury accounts
-
- 71-4030-0-3-151
- 71-4074-0-3-151
- 71-4075-0-3-151
- 71-4184-0-3-151
- 71-0100-0-1-151
- More information
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The International Development Finance Corporation (IDFC) is administering the Foreign Investment Financing program (CFDA 70.002) to provide financing for projects sponsored by private U.S. businesses in developing countries and emerging economies, with the most recent grant award issued on June 30, 2023.
The program funds technical assistance, project development work, and advisory services across infrastructure, renewable energy, financial inclusion, and humanitarian sectors. Recent awards support feasibility studies and development work for wind and hydropower projects, capacity-building facilities for microfinance institutions and agricultural borrowers, gender-focused training programs for DFC investees, assistance to Ukrainian refugees and relocated businesses, and proof-of-concept validation for development technologies. The program operates as 100 percent Project Grants with no other assistance types in the portfolio.
Award activity peaked in 2022, when 24 of the 27 awards in the portfolio were obligated. Only two awards were issued in 2023, and no awards have been posted since June 2023—a three-year gap. Combined federal dollars obligated across the portfolio total $70.9 million. The IDFC is the exclusive funding agency under this listing. Typical award sizes vary substantially: most recent grants range from $337 thousand to $10 million, with the largest awards supporting technical assistance facilities ($10 million to One Acre and to MASSIF), gender-equality training ($10 million), and agricultural advisory services ($10 million). Smaller awards support specific project development work or compliance activities in the $750 thousand to $3.9 million range.
Applicants must include a U.S. sponsor with at least 25 percent equity ownership; guaranteed investors must be U.S. citizens or corporations more than 50 percent U.S.-owned. Direct loans are reserved for projects sponsored by or significantly involving U.S. small businesses or cooperatives. Projects must meet IDFC credit, policy, and legal criteria and contribute to economic and social development of the host country. IDFC does not support projects that would result in U.S. job losses or involve violations of internationally recognized worker rights. Financing terms are variable by project, typically 5–15 years. No recent grant opportunities are currently open.
Objective and description
- Objective
To provide financing for projects sponsored by private U.S. businesses in developing countries and emerging economies throughout the world, thereby assisting development goals and improving U.S. competitiveness, creating American jobs and increasing Unites States exports.
Eligibility
- Applicant eligibility
Guaranteed investor must be citizen of the United States, a corporation, partnership, or other association created under the laws of the United States or any State or territory, and more than 50 percent beneficially owned by U.S. Citizens; a foreign corporation at least 95 percent owned by such entities; or a 100 percent United States-owned foreign entity. Direct loans are reserved for projects sponsored by or significantly involving United States small businesses or cooperatives. Applicants also must meet OPIC's credit underwriting criteria.
- Beneficiary eligibility
Project must have significant participation by a United States sponsor, generally in the form of at least 25 percent equity ownership. OPIC does not support projects that will result in the loss of U.S. jobs, that would contribute to the violation of internationally recognized worker rights or involve illicit payments. OPIC only supports projects that contribute to the economic and social development of the host country.
- Credentials and documentation
OPIC Finance Application; Financial statements; OPIC sponsor disclosure report; other applicable information on operations of U.S. investor, and project business plan. A bilateral agreement between the United States and the host country government must be in place before OPIC can provide loan guaranties in a country. In some cases, special foreign government approval is required before financing can be provided.
- Uses of assistance
To provide financing for investments in developing countries in projects that contribute to the economic and social development of the host country and have a positive impact on the U.S. economy. OPIC screens out projects that might have a negative effect on U.S. employment or the host country's development or the environment, or would contribute to the violation of internationally recognized worker rights. Direct loans can only be made to private sector projects in which there is significant involvement by an U.S. small business.
- Length and time phasing of assistance
Variable, depending on characteristics of the project. OPIC financing is usually in the range of 5-15 years.
How to apply
- Application procedure
Application for Financing is required.
- Criteria for selecting proposals
See USES AND USE RESTRICTIONS and ELIGIBILITY REQUIREMENTS.
- Award procedure
OPIC conducts extensive due diligence and project analysis. Project must be approved internally and meets OPIC's credit, policy and legal criteria. Loan guaranty is issued directly to the lender by OPIC, in conjunction with OPIC entering into financing documentation with the borrower, U.S. sponsor and other parties. Direct loan is made directly to the project company.
- Time to approval or disapproval
Variable, depending on status and complexity of the project.
Grant awards
Latest 10 of 27 listed here. See the rest on GovTribe.
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Root Capital AC | $10,000,000 | 14% |
| 2 | One Acre Fund | $10,000,000 | 14% |
| 3 | Institut Pasteur De Dakar | $3,300,000 | 5% |
| 4 | Gazelle Fund LP | $3,000,000 | 4% |
| 5 | Shps Amerikan Hospital Netvork | $2,437,142 | 3% |
| 6 | Responsability Climate Smart Agriculture & Food Systems Fund, Sicav-Raif | $2,000,000 | 3% |
| 7 | Chancen International Rwanda | $1,950,000 | 3% |
7 of 16 recipients listed here. See the rest on GovTribe.
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2024 | $65,018 |
| FY2023 | $12,667,900 |
| FY2022 | $54,865,628 |
| FY2021 | $3,300,000 |
Quick answers
What is Assistance Listing 70.002?
Assistance Listing 70.002 is Foreign Investment Financing, a federal grant program run by Overseas Private Investment Corporation.
What is the CFDA number for Foreign Investment Financing?
Its CFDA number is 70.002: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 70.002 awarded?
27 grant awards under 70.002 have obligated $70,898,546 in federal funds to 16 recipients.
Who receives the most funding from 70.002?
The recipients obligated the most under Foreign Investment Financing are Root Capital AC ($10,000,000), One Acre Fund ($10,000,000) and Institut Pasteur De Dakar ($3,300,000).
On GovTribe
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