The U.S. International Development Finance Corporation (DFC) board of directors has approved $1 billion of investments that will advance development in Africa, Latin America, the Indo-Pacific, and emerging markets across the globe. The investments mark one of the largest tranches approved during a board meeting under DFC and its predecessor agency.

“These projects will uplift some of the most underserved communities around the world,” said DFC chief executive officer Adam Boehler. ...