Ben Black’s Development Agency on Track for $140 Billion Boost

The International Development Finance Corp., a government agency that’s taken on a growing role in the Trump administration’s foreign policy, stands to see its financing capacity more than triple under a new proposal in Congress.

The expansion of the DFC, whose chief executive is Ben Black, son of billionaire Leon Black, has been included in a must-pass defense spending bill that’s expected to clear Congress before the end of the year.

The draft calls for boosting DFC’s lending capacity to $200 billion from the current $60 billion. The plan also extends the agency’s mandate to 2031 and broadens ...