Project Development
Active
- Assistance listing
- 87.101
- Grant awards
- 47 $120,213,221 in federal obligations
Program facts
- Assistance type
-
- Project Grant
- Treasury account
-
- 77-0110-0-1-151
- 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 (DFC) funds feasibility studies, technical assistance, and project preparation work designed to advance commercially viable projects toward DFC debt financing, equity investment, or insurance support, under Assistance Listing 87.101, with the most recent award issued on July 21, 2026.
The program has posted grants consistently over the past several years, with 47 total awards spanning September 2023 through July 2026. Award volume peaked in 2024 with 28 grants, followed by 8 in 2023, 6 in 2026 (through July), and 5 in 2025. All awards are Project Grants. Combined federal obligations total $120.2 million, with the International Development Finance Corporation as the sole funding source across all 47 awards.
Recent grants reflect a portfolio spanning extractive industries, energy infrastructure, climate adaptation, financial inclusion, and agricultural development. DFC funded upgrading a pre-feasibility study for a rare earth project in Madagascar to bankable feasibility level ($4,841,110), preparation of a 206 MW hydropower plant for DFC debt financing ($1,533,095), development phase financing for a potash mine in Argentina ($4,072,634), and reprocessing of tailings in Peru to recover multiple minerals ($5,000,000). Other recent recipients include technical assistance to scale prosthetic and orthotic activities in Southeast Asia ($1,275,000), preparation of a small modular reactor nuclear power project for equity evaluation ($150,000), and support for a platform providing equity, credit, and technical assistance to climate adaptation companies ($1,307,199). Grants also fund capacity building for fund managers, portfolio company advisory services, and infrastructure development projects in Africa and emerging markets more broadly.
Award magnitudes typically range from approximately $150 thousand to $5 million, with a substantial concentration at the upper end of that band. Typical project completion periods extend 12 to 24 months, though some multi-year technical assistance facilities extend to 2027–2032.
The source contains no recently posted grant opportunities. Applicants interested in pursuing funding should consult https://www.dfc.gov/what-we-offer/our-products/technical-assistance-feasibility-studies and coordinate with DFC's underwriting and evaluation processes, as applications require coordination with other DFC financing activities.
Objective and description
- Objective
The U.S. International Development Finance Corporation (DFC) partners with the private sector to advances U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors includ
- Description
DFC's Project Development program is designed to develop a project for DFC debt financing, equity investment, or insurance support. DFC and the client determine the Project Development work to be performed, and the client selects an entity with relevant expertise and experience that will perform that work.
Eligibility
- Applicant eligibility
DFC supports investment in more than 100 countries that are strategically important to American foreign policy, and prioritizes investment in low- and lower-middle-income countries that address key agency priorities, such as advancing energy security. Through the European Energy Security and Diversification Act of 2019, DFC may also support certain energy and energy-related investments in eligible European and Eurasian countries wouthout regard to host-country income classification. Investors must provide sufficient financial investment to the project to support its long-term viability. Projects DFC supports must also demonstrate the competence of the management team and a financial record in the same or a closely related business that show a recent record of success. DFC conducts due diligence on all potential projects to ensure creditworthiness, and has rigorous processes in place for measuring the impact of our investments in the host country, and to the American people. See .
- Credentials and documentation
DFC supports commercially viable projects in countries and sectors of strategic importance to the United States.
- Uses of assistance
Terms and conditions as may be agreed.
- Length and time phasing of assistance
Terms and conditions as may be agreed.
How to apply
- Preapplication coordination
Application requires coordination with other underwriting or evaluation efforts of DFC.
- Application procedure
See See
- Award procedure
Project Development accelerates project identification and preparation to better attract and support private investment in development. Project Development therefore develops projects for DFC debt financing, equity investment, or insurance support. The program complements and does not duplicate work funded by other agencies or financiers. DFC and the client determine the project diligence finance work to be performed, and the client selects an entity with relevant expertise and experience that will perform that work.
Grant awards
Latest 10 of 47 listed here. See the rest on GovTribe.
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Globeleq Africa Investments LIMITED | $10,000,000 | 8% |
| 2 | Cerro De Pasco Resources Inc. | $5,000,000 | 4% |
| 3 | Tetra TECH ES, Inc. | $5,000,000 | 4% |
| 4 | Pela Global LIMITED | $5,000,000 | 4% |
| 5 | EGH Renewable Energy Sae | $5,000,000 | 4% |
| 6 | The Urban Resilience Fund Catalytic Capital S.l.p | $5,000,000 | 4% |
| 7 | Blencowe Resources PLC | $5,000,000 | 4% |
| 8 | Aclara Resources Mineracao LTDA. | $5,000,000 | 4% |
| 9 | Pula Advisors AG | $4,884,000 | 4% |
9 of 45 recipients listed here. See the rest on GovTribe.
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2026 | $21,871,839 |
| FY2025 | $24,288,424 |
| FY2024 | $50,916,639 |
| FY2023 | $23,136,319 |
Quick answers
What is Assistance Listing 87.101?
Assistance Listing 87.101 is Project Development, a federal grant program run by International Development Finance Corporation.
What is the CFDA number for Project Development?
Its CFDA number is 87.101: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 87.101 awarded?
47 grant awards under 87.101 have obligated $120,213,221 in federal funds to 45 recipients.
Who receives the most funding from 87.101?
The recipients obligated the most under Project Development are Globeleq Africa Investments LIMITED ($10,000,000), Cerro De Pasco Resources Inc. ($5,000,000) and Tetra TECH ES, Inc. ($5,000,000).
How much did 87.101 obligate in fiscal year 2025?
Grants under 87.101 obligated $24,288,424 in federal funds in fiscal year 2025.
On GovTribe
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