DFC-001 - Justification for Non-Substantive Change

DFC-001

OMB 3015-0004

JUSTIFICATION FOR NON-SUBSTANTIVE CHANGES

1. Justification for Requested Changes

Form Name: DFC has decided to remove the word “Direct” from the form name because early feedback from applicants is that they find that word confusing given the nature of the DFC product for which they are applying.

Addition of Question 12: DFC intends to foster collaboration with other development finance institutions (DFIs) by exchanging information about projects under consideration. The information shared between DFIs would enable DFC to more efficiently share risk, obtain due diligence on project opportunities, and enhance development impacts through co-investment. In order to accomplish this purpose, the other DFIs would need basic information about the applicant. DFC therefore proposes to add a question to the DFC-001 which would allow applicants to give DFC permission to share a limited amount of their information with other DFIs. This question does not collect any additional information about the applicant and therefore would not increase the collection burden. The applicant’s answer would not impact DFC’s evaluation of their transaction.

2. There is no change to the estimated burden associated with these changes.

3. There is no change to the estimated annualized cost to the Federal government associated with these changes.

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