The U.S. International Development Finance Corp approved a $500 million trade financing facility to help U.S. companies reach emerging markets in South America, Southeast Asia and Africa. The facility will provide counter-guarantees with the World Bank’s International Finance Corp and its Global Trade Finance Program, potentially unlocking up to $20 billion in U.S. exports and supporting as many as 10,000 U.S. jobs. It will target sectors including agriculture, metals, computers, electrical products, vehicles and industrial machinery, while assisting smaller banks that finance purchases of U.S. goods. The program is designed to strengthen links between importers, banks and exporters, and DFC expects guarantee fees to generate tens of millions of dollars over 10 years.