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                    In the News
                    Speeches & Testimony
 CEO Nathan in Brazil to Open Latin America Regional Office and Bolster Investments
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            March 18, 2024
      
            **WASHINGTON, D.C.** – The U.S. International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan traveled to São Paulo and Brasília, Brazil, where he met with local companies, current and prospective private sector clients, as well as government leaders, to discuss how DFC is expanding its investments in Brazil and throughout the region.In São Paulo, CEO Nathan announced a nearly $470 million loan to StoneCo Ltd. that will help small businesses overcome financing gaps in credit card receivable payments. In addition, CEO Nathan participated in two business roundtables to explore potential investments in renewable energy, e-mobility, and nature-based solutions with Brazil-based companies. He also visited DFC client Tembici, which DFC is supporting through a $15 million equity investment to help the company expand its bicycle-sharing services in Latin America.In Brasília, CEO Nathan participated in a series of high-level bilateral meetings with Brazilian Minister of Finance Fernando Haddad and officials from the Ministry of Development, Industry, Trade and Services and Brazil’s National Development Bank (BNDES). In these meetings, he underscored the investment potential DFC sees in Brazil and shared howDFC’s new regional office in São Paulo will open new opportunities to grow DFC investments in critical sectors for the country and broader region.###*The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.*
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