From Caution to Competition: Positioning U.S. Development Finance for Industrial Power

Summary 1

Introduction 5

The Origins of America’s Development Bank 8

Strategy: From Competing Mandates to an Industrial Anchor 11

Speed: How Purpose Can Prevail Over Process 14

Scope: Recalibrating the DFC’s Aperture for Strategic Reach 20

Scale: Lifting the Ceiling on Strategic Ambition 32

Conclusion: Toward an Architecture of Industrial Statecraft 36

About the Author 39

Notes 41

Carnegie Endowment for International Peace 55