USAID's Development Credit Authority (DCA) was created in 1999 to mobilize local private capital through the establishment of real risk sharing relationships with private financial institutions in USAID countries. The tool is available to all USAID overseas missions and can be used as a vehicle for providing much needed credit to an array of enterprises and underserved sectors.

Starting in 2008, SEGURA/IP3 Partners, under the GBTI II IQC, are implementing the Development Credit Authority (DCA) Evaluations, a set of evaluations that EGAT/DC is undertaking in different countries, to test a series of developmental hypotheses related to the DCA guarantees.

Twenty evaluations over the life of the task order will be divided among three categories:  single guarantee evaluations, single country evaluations, and cross country evaluations. In addition, a meta-evaluation will be completed comparing the results across countries and sectors.

In the first year of the project, SEGURA/IP3 has conducted the following evaluations, producing for each one a detailed report, a 4-page Impact Brief (downloads below), and delivering a presentation to USAID:

1. •Ghana: evaluation of the 2003 and 2005 DCA guarantees with EcoBank, in support of lending to small and medium enterprises and micro-finance institutions.
   

1. •Honduras: evaluation of the 2003 and 2005 guarantees DCA signed with the Covelo Foundation to encourage the bank to move up market to make loans for larger sizes and lengthier tenors, focusing on agribusinesses.
   

1. •Indonesia: evaluation of the 2005 DCA guarantee with Bank Danamon made to mobilize increased lending to micro and small enterprises, with an emphasis on the tsunami affected areas.
   

1. •Russia: evaluation of the FY 2004 DCA Loan Portfolio Guarantee for Center-Invest Bank (CIB) made to assist CIB in providing loans to SMEs in two neighboring regions – Krasnodar and Volgograd.
   

1. •Philippines: evaluation of the 1999 DCA guarantee with LGUGC. The coverage was initially to re-guarantee loans to local infrastructure projects of Local Government Units, and later focused on water supply and sanitation projects.