22 USC 9612 - United States International Development Finance Corporation

U.S Code last checked for updates: Apr 12, 2026

§ 9612.

United States International Development Finance Corporation

(a)

Establishment

(b)

Purpose

(c)

Eligible countries

(1)

Less developed country focus

(2)

Advancing income countries

(3)

High-income countries

(A)

In general

(B)

Report

Not later than 120 days after December 18, 2025, and annually thereafter, the Corporation shall submit to the appropriate congressional committees a report, which may be submitted in classified or confidential form, that includes—

(i)

a list of all high-income countries in which the Corporation anticipates providing support in the subsequent fiscal year (and, with respect to the first such report, the then-current fiscal year); and

(ii)

to the extent practicable, a description of the type of projects anticipated to receive such support.

(C)

Projects in high-income countries not previously identified in report

(4)

Continuation of eligibility

(d)

Strategic investments policy

(1)

In general

(2)

Investment policy for advancing income countries

Any policy used to evaluate and determine the strategic merits of providing support for projects in an advancing income country shall require that such projects—

(A)

advance—

(i)

the national security interests of the United States in accordance with United States foreign policy, as determined by the Secretary of State; or

(ii)

significant strategic economic competitiveness imperatives;

(B)

are designed in a manner to produce significant developmental outcomes or provide developmental impacts to the poorest populations of such country; and

(C)

are structured in a manner that maximizes private capital mobilization.

(3)

Investment policy for high-income countries

Any policy used to evaluate and determine the strategic merits of providing support for projects in high-income countries shall require that—

(A)

each such project meets the requirements described in paragraph (2);

(B)

with respect to each project in a high-income country—

(i)

private sector entities have been afforded an opportunity to support the project on viable terms in place of support by the Corporation; and

(ii)

such support by the Corporation does not exceed 25 percent of the total cost of the project;

(C)

with respect to support for all projects in all high-income countries, the aggregate amount of such support does not exceed 10 percent of the total contingent liability authorized by section 9633 of this title; and

(D)

the Chief Executive Officer submit to the appropriate congressional committees a report, which may be submitted as an appendix to a report required by section 9656 of this title, that—

(i)

certifies that the Corporation has applied the policy to each supported project in a high-income country; and

(ii)

describes whether such support—

(I)

is a preferred alternative to state-directed investments by a foreign country of concern; or

(II)

otherwise furthers the strategic interest of the United States to counter or limit the influence of foreign countries of concern.

(e)

Ineligible countries

The Corporation shall not provide support for a project in—

(1)

a country of concern; or

(2)

a wealthy country, except to the extent permitted pursuant to subsection (f).

(f)

Sectoral exceptions

Subject to the requirements in subsection (d)(3), the restriction in subsection (e)(2) shall not apply to projects in the following sectors:

(1)

Energy.

(2)

Critical minerals and rare earths.

(3)

Information and communications technology, including undersea cables.

(g)

Sense of Congress

It is the sense of Congress that—

(1)

the Corporation should continuously operate in a manner that advances its core mission and purposes, as described in this title; and

(2)

resources of the Corporation should not be diverted for domestic or other activities extending beyond the scope of such mission and purpose.

(Pub. L. 115–254, div. F, title I, § 1412, Oct. 5, 2018, 132 Stat. 3486; Pub. L. 119–60, div. H, title LXXXVII, § 8712, Dec. 18, 2025, 139 Stat. 1947.)

cite as: 22 USC 9612