Office of Development Finance

Date: 11/07/2010 Description: Students from the ''Make A Difference'' (MAD) program show First Lady Michelle Obama's signature on their hands. The First Lady visited the center for underprivileged children at the University of Mumbai in Mumbai, India, November 7, 2010.  © White House Image

The Office of Development Finance fosters economic development around the world and promotes the prosperity of the United States by developing new markets overseas, supporting export opportunities, and strengthening U.S. international economic ties. We provide support to the U.S. Export Import Bank (EXIM) and Trade and Development Agency (TDA) in their missions to promote U.S. exports and create U.S. jobs. We contribute to U.S. government positions on policies and projects advanced at the World Bank (WB), Asian Development Bank (ADB), Inter-American Development Bank (IDB), African Development Bank (AfDB), and European Bank for Reconstruction and Development (EBRD). We are the State Department’s liaison to the Millennium Challenge Corporation (MCC), a specialized U.S. government foreign assistance agency governed by a Board of Directors that is chaired by the Secretary of State. We engage in the formulation of overall development policy at fora such as the United Nations, G-20, G-7, and Organization for Economic Cooperation and Development (OECD). We coordinate international support for reconstruction and development in areas recovering from armed conflict or natural disaster.