Original disclosure @ DFC website
Updated in EWS Dec 19, 2020
Can you contribute information about this project?
Contact the EWS Team
According to the bank website, DFC will provide political risk insurance to Citibank N.A., which has an expected projected capital investment of $49 million over the next three years, covering certain of its operations in the Sub Saharan African (“SSA”) and Middle Eastern & North African (“MENA”) regions protecting Citi’s property and equity investments against political risk and the risks of inconvertibility and expropriation. These investments will result in the continuation and deepening of the U.S. private sector best practices in SSA and MENA financial markets. Growth and stability in the financial sector are key to the diversification and expansion of private enterprise and sustainable economic growth across these regions.
Project contacts not available at the time of disclosure.
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability