Categories: AppointmentsCurrent Affairs

Indian-American foreign policy expert Nisha Biswal confirmed as deputy CEO of US DFC

Nisha Biswal has been appointed as the Deputy Chief Executive Officer of the US International Development Finance Corporation (DFC).

With over 30 years of experience in US foreign policy and international development programs across the Executive Branch, Congress, and the private sector, Biswal’s nomination was put forward by President Joe Biden.

Nisha Biswal’s Current Role at the United States Chamber of Commerce

Nisha Desai Biswal is currently serving as the Senior Vice President for international strategy and global initiatives at the United States Chamber of Commerce. In this capacity, she also oversees the South Asia programs, reflecting her expertise in the region.

Previous Role as President of the US-India Business Council

Before her current position, Biswal held the prestigious role of President of the US-India Business Council at the United States Chamber of Commerce. This role highlights her significant involvement in fostering business relations between the United States and India.

Her Role in the US Department of State

Biswal has a distinguished history of public service, having served as the Assistant Secretary of State for South and Central Asian Affairs in the United States Department of State during President Barack Obama’s administration from 2013 to 2017. Notably, she was the first South-Asian American to hold this influential position.

Recognition and Samman Award

In January 2017, Nisha Biswal was honored with the prestigious Samman Award by the President of India, recognizing her outstanding achievements and commitment to promoting bilateral ties.

The United States International Development Finance Corporation(DFC)

The United States International Development Finance Corporation (DFC) functions as a development finance institution and agency under the United States federal government.
Its main focus is investing in development projects, with a primary emphasis on lower and middle-income countries. It was first authorized on 5 October 2018, and officially became an independent agency on 20 December 2019.
The DFC utilizes its lending capacity to offer loans, loan guarantees, direct equity investments, and political risk insurance to support private-sector led development projects, feasibility studies, and technical assistance.