§9653 Annual report

Summary

After each fiscal year ends, the Corporation must send Congress a full report about what it did that year. The report must cover six main areas: the economic and social development impact of its projects (including the topics listed in section 9651(d), (e), and (f)); how its work fits with U.S. and partner-country development programs; its connections with other U.S. government departments and agencies; whether projects followed human rights, environmental, labor, and social rules the Corporation uses; which U.S. strategic, foreign policy, and development goals the projects supported; and the health of the Corporation’s portfolio, including 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 actually performed, with a written explanation of changes. The report must also analyze project effects and include reviews and projections. It must check if projects met their development goals and metrics (including after projects end), whether strategic outcomes lasted, and the value of private assets and other public support compared to Corporation support. It must show projected and actual private capital mobilized, with who the lenders and investors were and what instruments were used. It must give country-income breakdowns for one year and a 5-year average, report on contingent liability by country group, explain risk tolerance for less developed countries and critical low-return sectors, describe CEO steps to encourage measured risk-taking, note any partnerships with qualifying sovereign entities, offer gender-disaggregated outcome measures where practicable, suggest improvements, and say whether lessons from monitoring and past reports were applied.