# Project Development (87.101)

Source: https://welltoldgrants.com/programs/87-101-project-development/  
Publisher: Well Told Grants. Data: USAspending.gov and Grants.gov, updated November 7, 2026.

Project Development is run by U.S. International Development Finance Corporation. From fiscal 2021 to 2025 it awarded $94.5 million in 39 grants, about $2.4 million per award.

## Objectives

The U.S. International Development Finance Corporation (DFC) partners with the private sector to advances U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, and advanced technology — fostering private-sector led economic development, supporting U.S. interests, and delivering returns to American taxpayers. DFC provides loans and loan guarantee financing, equity, and political risk insurance to projects across a range of sectors . DFC’s Project Development program is designed to improve the commercial sustainability of a project that may receive DFC financing or insurance support. In addition, DFC's Project Development support enables projects to be more self sustaining and to mobilize other capital. The program complements and does not duplicate work funded by other agencies or financiers

## Funding by fiscal year

| Year | Amount | Awards |
|---|---|---|
| 2021 | $0 | 0 |
| 2022 | $0 | 0 |
| 2023 | $19.3 million | 7 |
| 2024 | $50.9 million | 25 |
| 2025 | $24.3 million | 8 |

## Largest recipients

| Recipient | State | Amount |
|---|---|---|
| Globeleq Africa Limited |  | $10.0 million |
| Orom-Cross Graphite Project Ta |  | $5.0 million |
| Turf Catalytic Capital Fund |  | $5.0 million |
| Miscellaneous Foreign Awardees |  | $5.0 million |
| Tetra Tech Es, Inc. | Virginia | $5.0 million |
| Aclara Ree PD |  | $5.0 million |
| Pula Advisors Ag |  | $4.9 million |
| Sondiale Sa |  | $4.7 million |
| Lancaster Exploration Limited |  | $4.6 million |
| Trinity Metals Ta |  | $3.9 million |
| Pensana Rare Earth Ta |  | $3.4 million |
| Sharaka Capital Fund Ta | District of Columbia | $3.3 million |
| Chillerton Ta |  | $3.2 million |
| Virunga Power |  | $3.1 million |
| Millennial Potash PD |  | $3.0 million |
| Beacon Fund Ta |  | $2.5 million |
| Meii Tamweeli Ta |  | $2.2 million |
| Agdevco Limited |  | $2.0 million |
| Volobe Ta |  | $1.9 million |
| Missio Invest Ta | New York | $1.8 million |