President Joe Biden has nominated Deven Parekh, a prominent Indian-American venture capitalist, as a Board member of the US International Development Finance Corporation (DFC). Parekh, managing director at Insight Partners, brings extensive experience, having made over 140 global investments. His three-year nomination follows a recommendation from the Senate Majority Leader. Previously nominated by Donald Trump in 2020, Parekh serves on various boards, including the Council on Foreign Relations. The DFC, a vital US development finance institution, collaborates with the private sector to address challenges in the developing world. Parekh’s nomination reflects a commitment to diverse expertise in crucial roles.