; (6) to help countries currently receiving United States assistance to graduate from their status as recipients of assistance; (7) to leverage the private sector and innovative development tools as a means to lessen the reliance of the United States on traditional forms of foreign assistance over time; and (8) to complement and be guided by overall United States foreign policy and development objectives, taking into account the policies of countries receiving support. 102. United States International Development Finance Corporation (a) Establishment There is established in the Executive branch the United States International Development Finance Corporation (in this Act referred to as the Corporation ), which shall be a wholly owned Government corporation (as defined in section 9101 of title 31, United States Code). (b) Purpose The purpose of the Corporation shall be to mobilize and facilitate the participation of private sector capital and skills in the economic development of less developed countries, as described in subsection (c), and countries in transition from nonmarket to market economies, in order to complement the development assistance objectives, and advance the foreign policy interests, of the United States. In carrying out its purpose, the Corporation, utilizing broad criteria, shall take into account in its financing operations the economic and financial soundness of projects for which it provides support under title II. (c) Less developed economy focus (1) In general The Corporation shall prioritize the provision of support under title II in countries with low-income economies or lower-middle-income economies, as defined by the World Bank. (2) Support in countries with upper-middle-income economies The Corporation shall restrict the provision of support under title II in a country with an upper-middle-income economy, as defined by the World Bank, unless— (A) the President determines such support furthers the national economic or foreign policy interests of the United States