The Development Credit Authority (DCA) was a programme within the United States Agency for International Development (USAID) that used to issue loan guarantees which would act as collateral for private loans. The DCA could issue guarantees up to 50% of the loan. As the credits were backed by the full faith and credit of the U.S. government, private lenders could be assured particularly for loans made in local currency.[1][2]
It merged with the Overseas Private Investment Corporation (OPIC) to form the U.S. International Development Finance Corporation (DFC) on December 20, 2019.
- ^ "Development Credit Authority". 11 January 2021.
- ^ "20 Years of the Development Credit Authority". Center for Strategic and International Studies. July 26, 2017.
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