It's a very good question. My thinking is very much in line with the previous speaker's.
As I think I pointed out in my remarks, in terms of the portfolio shares of DFIs, about 75% to 80% are in middle-income, but there's another element here to keep in mind, just for the mathematical sanity of this. In 2000, there were 63 low-income countries. In 2015, that number had fallen to 31. So, what's happening here is also that the base of countries you're talking about is shrinking. We need to be aware of that, especially for the math. What that means is that, even with a smaller amount, an absolute amount, you can actually move the needle quite substantially, especially in highly investment-deficit countries, in highly information-poor contexts.
That said, I would argue that some of the DFIs that are really coming quickly to this realization are moving exactly in this direction. They are being pushed, and they are responding to the push to do more in harder places. A case in point is the CDC Group, the U.K.'s DFI. After years or decades, it recently got its first major large capital increase, but it came with the instruction or emphasis that it needs to do more to focus on the low-income, least developed countries. So, now the CDC Group has decided it will only be focusing on South Asia and sub-Saharan Africa. That's one example.
OPIC, similarly, has a mandate to privilege U.S. investment involvement in its deal-making. Even in the case of OPIC, now there is increasing push. OPIC has responded by moving a greater share of its portfolio in low-income and least developed countries, taking more risk.
The question of risk really needs to be central here. I think it really goes not just for the DFI but for the larger discussion. We know that Minister Bibeau will release the new international assistance policy, and we know one of the tenets of that international assistance policy is that it will be a feminist international assistance policy. I'd like to emphasize that all of these things have an implication for risk. Supporting a feminist approach is not riskless. Let's not mince words about that.