Media Development Investment Fund (MDIF) is a New York-registered 501(c)(3) non-profit corporation and investment fund that provides low-cost financing to independent news media in countries with a history of media oppression. It works with newspapers, radio stations, and TV companies in Africa, Asia, Latin America, the CIS, and the Balkans. It was originally founded as the Media Development Loan Fund (MDLF) before changing its name in 2013. Through low-cost capital (mainly loans), business training and other advice and support, it aims to help news outlets committed to responsible journalism become commercially sustainable, believing that only financially independent news media can stay editorially independent over the long term.