DFC Finance

I thought that I would create a new thread since the DFC has been highlighted significantly in posts recently.
As a beginning, this is from the overview of the DFC
"What is U.S. International Development Finance Corporation? U.S. International Development Finance Corporation (DFC) is the U.S. Government's development finance institution. 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"
Particularly note the very important statement that the DFC considers its investments must adhere to high standards and respect the environment, human rights and worker rights
This is also from the overview
"DFC makes America a stronger and more competitive leader on the global development stage, with greater ability to partner with allies on transformative projects and provide financially sound alternatives to state-directed initiatives that can leave developing countries worse off"
Note the comment partner with allies, and find alternatives to state directed initiatives that may make the problem worse.

Also the DFC indicate that one of their main priorities is the building of critical infrastructure in developing countries, and includes the sourcing of critical minerals to support the global energy transition.
Joe Biden states the US is all in with Africa, they want to partner with allies to minimise Chinese involvement in Africa, to avoid the potential of worse social justice and increasing environmental disaster for financial gain that does not help the undeveloped nation, it makes it worse. Myanmar is case in example of a Chinese induced environmental disaster, sourcing ionic clay deposits of rare earths.
The least developing countries report 2021 goes into detail of what is required in these countries to create sustainable growth and achieve the massive increase in GDP that is required to bring the people out of poverty, increase access to sustainable energy and improve public health to acceptable standards, they are not at this point yet, this is the goal, it takes money in the resources of the country to help bring this sustainable growth about, it is a work in progress and will build overtime. Namibia and the undeveloped nations of the world will not get to achieve a reasonable standard of life for its citizens with handouts, they needs viable investments that have a return for the investor and at the same time achieves a legitimate stepping stone for those countries to achieve sustainable growth. Lepidico is in the last stage of achieving finance from the DFC to start to do its bit in growing Namibia's net wealth. Lepidico has passed the stringent tests set by the DFC , it has followed the long path laid out by the DFC to achieve final approval, share holders have invested their money to help LPD to get to this point, frustratingly slow as it may have been.
This is the procedure we need to follow to achieve our goals as well as provide downstream wealth for Namibia, there is no incompetence involved in the actions of the company in achieving this finance. it is not viable to build a P1 plant in Namibia at this time because of energy constraints, as I said this is a work in progress there is no reason why this may not occur in the future ,nothing is set in stone or frozen in time, such another person may offer criticism of the project, as to what the company is trying to achieve at this point in time, this will change as Namibia is able to change.



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