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DCAs do not cover interest income lost: In a country that has, for example, a 30% interest rate, the interest income would represent almost 50% of the total loan value and is not insured via the DCA. In this case, the DCA covers 50% of the principal, but only 25% of the total loan exposure.
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USAID's
Development Credit Authority was created in 1999 to mobilize local private capital through the establishment of risk sharing relationships with private financial institutions in countries covered by USAID.
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The partial loan guarantees extended by USAID, through the DFC, allowed the U.S. Government to use credit to pursue the development purposes specified under the
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objectives. Credit assistance's been used in areas such as
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