USAID‘s Development Credit Authority transaction teams have secured $1 billion in financial aid over two years to earn recognition as a 2014 Call to Service Medal finalist, Federal News Radio reported Wednesday.
DCA teams have partnered with commercial banks to fund projects that will bring medical equipment to hospitals in developing countries worldwide, securing a total of $2.1 billion in loan guarantees over the past 12 years.
“They did an incredible job of reorienting the thinking of financial institutions,” said Franklin Moore, deputy assistant administrator for the USAID African bureau.
Moore noted that development credit is “a new idea” at the agency.
Nineteen USAID global investment specialists led by Anthony Cotton (Africa), Amanda Femal (Asia and Middle East), Jason Fleming (Latin America/Caribbean, Europe and Eurasia) and JP Gibbons (Strategic Transactions Group) helped generate the $1 billion aid to 60 projects across 42 developing countries.
The Call to Service Medal is part of the annual Samuel J. Heyman Service to America Medals awarded by the Partnership for Public Service to federal employees demonstrating notable public service.