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U.S. Department of Defense (DOD) Under Secretary for Acquisition and Sustainment Ellen M. Lord and U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler signed a memorandum of agreement (MOA). The MOA formalizes the relationship between the two organizations as outlined in Executive Order 13922, which delegated authority to DFC to execute loans using Defense Production Act (DPA) Title III in support of COVID-19 response. The program will utilize $100 million of DOD’s CARES Act spending plan to support DFC’s finance of projects that create, expand, or restore domestic industrial base capabilities in response to COVID-19.

Learn more here.