DFC | Statement from Acting CEO Mr. Dev Jagadesan on Confirmation of DFC CEO Mr. Ben Black

WASHINGTON, D.C. — This week, the United States Senate confirmed Mr. Ben Black as the new Chief Executive Officer (CEO) of the U.S. International Development Finance Corporation (DFC).

We are pleased to welcome Mr. Black as the next CEO of DFC. His confirmation comes at a pivotal moment as we continue to advance our dual mandate of fostering strategic and economic development investments and serve as a force multiplier for the Trump Administration’s foreign policy, economic prosperity, and national security agenda.

Mr. Black brings nearly 20 years of investment, managerial, and legal experience and a proven record of leadership to the role. His expertise will accelerate private capital deployment, increase opportunities for American companies and workers, and elevate DFC as a best-in-class financial institution and investment partner of choice.

On behalf of the entire DFC team, I am honored to welcome Ben to DFC and look forward to supporting his leadership as we continue to advance DFC’s important work helping make America and our partners around the world safer, stronger, and more prosperous.

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The U.S. International Development Finance Corporation (DFC), established in 2019 with bipartisan support under President Trump, is America’s development finance institution. DFC partners with the private sector to advance U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, and advanced technology — fostering economic development, supporting U.S. interests, and delivering returns to American taxpayers.

Compliments of the United States International Development Finance Corporation