Sec. 8755. Annual report
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Section 1443 of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9653 ) is amended— in subsection (a)— in paragraph (3), by striking ; and and inserting a semicolon; in paragraph (4), by striking the period at the end and inserting a semicolon; and by inserting at the end the following: the United States strategic, foreign policy, and development objectives advanced through projects supported by the Corporation; and the health of the Corporation’s portfolio, including an annual overview of funds committed, funds disbursed, default and recovery rates, capital mobilized, equity investments’ year on year returns, and any difference between how investments were modeled at commitment and how they ultimately performed, to include a narrative explanation explaining any changes. ; and in subsection (b)— in paragraph (1), by striking subparagraphs
(A)and
(B)and inserting the following: the desired development impact and strategic outcomes for projects, and whether or not the Corporation is meeting the associated metrics, goals, and development objectives, including, to the extent practicable, in the years after conclusion of projects; whether the Corporation’s support for projects that focus on achieving strategic outcomes are achieving such strategic objectives of such investments over the duration of the support and lasting after the Corporation’s support is completed; the value of private sector assets brought to bear relative to the amount of support provided by the Corporation and the value of any other public sector support; the total private capital projected to be mobilized by projects supported by the Corporation during that year, including an analysis of the lenders and investors involved and investment instruments used; the total private capital actually mobilized by projects supported by the Corporation that were fully funded by the end of that year, including— an analysis of the lenders and investors involved and investment instruments used; and a comparison with the private capital projected to be mobilized for the projects described in this paragraph; a breakdown of— the amount and percentage of Corporation support provided to less developed countries, advancing income countries, and high-income countries in the previous fiscal year; and the amount and percentage of Corporation support provided to less developed countries, advancing income countries and high-income countries averaged over the last 5 fiscal years; a breakdown of the aggregate amounts and percentage of the maximum contingent liability of the Corporation authorized to be outstanding pursuant to section 1433 in less developed countries, advancing income countries, and high-income countries; the risk appetite of the Corporation to undertake projects in less developed countries and in sectors that are critical to development but less likely to deliver substantial financial returns; and efforts by the Chief Executive Officer to incentivize calculated risk-taking by transaction teams, including through the conduct of development performance reviews and provision of development performance rewards; ; in paragraph (3)(B), by striking ; and and inserting a semicolon; by redesignating paragraph
(4)as paragraph (5); and by inserting after paragraph
(3)the following: to the extent practicable, recommendations for measures that could enhance the strategic goals of projects to adapt to changing circumstances; and .
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