During a panel on Investing in Africa’s Future organized by the Atlantic Council and the U.S. International Development Finance Corporation CEO Alain Ebobissé highlighted the importance of collaboration between DFI's and the private sector to bridge the infrastructure financing gap.
This conference allowed for the DFC to engage with African finance leaders and investors to promote trade and investment in African markets. Launched at the end of 2019, the DFC has an investment cap of $60 billion and has selected Africa as a priority region for future investments.
The DFC and the Atlantic Council are eager to acknowledge the leading role of African development finance institutions. African peer institutions have taken a leading role in responding to the COVID-19 crisis, yet the prospects for immediate recovery and sustained growth rely in part on increased cooperation between US and African DFIs and a concomitant boost in two-way trade and investment. The conference intended to support the DFC’s mission by reaching a wide audience of US investors who are interested in African markets.