WhereTaxMoneyGoesU.S. International Development Finance Corporation (DFC): federal spending, contracts and grants
In fiscal year 2026, U.S. International Development Finance Corporation reported $1.6 billion in obligations and $1.6 billion in outlays, about 0.1% of all budgetary resources tracked on USAspending. Below: where its award money went, who received the most, and how its spending has changed since FY 2017.
On January 2nd, 2020, OPIC was replaced by DFC. In addition to absorbing OPIC, DFC also combined aspects of USAID, including chiefly its Development Credit Authority (DCA). For DATA Act reporting purposes, the newly-created DFC continued to report as OPIC until its last submission in FY20Q4, but began to include the full set of DFC TAS in FY20Q3. DFC's first submission as DFC was in FY21Q1.
FY 2026 figures are still being reported by agencies and will change as late submissions arrive.
Mission
U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
How DFC awarded money in FY 2026
Award obligations are the part of an agency's spending that goes out as contracts, grants, loans, direct payments and other awards to outside recipients. The rest pays for salaries, internal operations and transfers that are not awards.
| Award type | Amount | Relative size |
|---|---|---|
| Contracts | $108.2 million | |
| Grants | $21.9 million |
Obligations by fiscal year
FY 2026 obligations of $1.6 billion were up 43% from FY 2025 ($1.1 billion) and compare with $514.8 million in FY 2020.
Show the numbers
| Fiscal year | Amount |
|---|---|
| FY 2026 | $1.6 billion |
| FY 2025 | $1.1 billion |
| FY 2024 | $1.9 billion |
| FY 2023 | $1.7 billion |
| FY 2022 | $1.5 billion |
| FY 2021 | $965.4 million |
| FY 2020 | $514.8 million |
Top recipients, FY 2026
Ranked by award obligations from DFC. "Multiple recipients" groups aggregated or redacted records, such as payments to individuals.
| # | Recipient | Amount | Relative size |
|---|---|---|---|
| 1 | Eru Management Services LLC | $50.0 million | |
| 2 | Svre Holdings LTD | $48.9 million | |
| 3 | Elektryka Services LLC | $40.0 million | |
| 4 | Ukrainian Insurance Company Kniazha Vienna Insurance Group | $25.0 million | |
| 5 | Africa Healthcare Network | $24.1 million | |
| 6 | Crossboundary LLC | $8.1 million | |
| 7 | Palantir Usg INC | $8.1 million | |
| 8 | Siddhartha Bank Limited | $7.2 million | |
| 9 | Dexis Professional Services, LLC | $6.5 million | |
| 10 | Emagine It INC | $5.3 million |
Top states, FY 2026
By place of performance — where the work is done or the money is used.
| # | State | Amount | Relative size |
|---|---|---|---|
| 1 | District of Columbia | $103.6 million | |
| 2 | Virginia | $678,000 | |
| 3 | New York | $531,000 | |
| 4 | California | $291,000 | |
| 5 | Washington | $237,000 | |
| 6 | New Jersey | $40,000 | |
| 7 | North Carolina | $24,000 | |
| 8 | Massachusetts | $8,000 | |
| 9 | Maryland | -$212,000 | |
| 10 | Illinois | -$452,000 |
Search this agency's awards
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Source data last updated November 4, 2026 · Imported November 6, 2026 · Dollar figures are nominal and rounded. How these numbers are calculated · Report a problem