Nisha Biswal, known for her extensive background in US foreign policy and international development, has been selected as the Deputy Chief Executive Officer of the US International Development Finance Corporation (DFC). President Joe Biden nominated her due to her 30+ years of experience across various sectors, including the Executive Branch, Congress, and the private industry.
Presently, Nisha Biswal holds the role of Senior Vice President for international strategy and global initiatives at the United States Chamber of Commerce. She also oversees the South Asia programs within this position, leveraging her expertise in the region.
Previously, Biswal served as the President of the US-India Business Council at the United States Chamber of Commerce, contributing significantly to enhancing business relationships between the United States and India.
During President Barack Obama’s administration from 2013 to 2017, Biswal made history as the Assistant Secretary of State for South and Central Asian Affairs in the US Department of State. Her appointment marked her as the first South-Asian American to hold this influential position.
Nisha Biswal’s accomplishments were acknowledged in January 2017 when she received the prestigious Samman Award from the President of India, recognizing her exceptional achievements and dedication to promoting bilateral ties.
The United States International Development Finance Corporation (DFC) operates as a development finance institution and agency within the US federal government. Its primary focus is to invest in development projects, particularly in lower and middle-income countries. Established on 5 October 2018 and becoming an independent agency on 20 December 2019, the DFC utilizes its lending capacity to provide support for private-sector led development projects, feasibility studies, technical assistance, and more.
The headquarters of the US International Development Finance Corporation (DFC) is located in Washington, D.C. This information holds relevance for competitive examinations.
