OVERSEAS PRIVATE INVESTMENT CORPORATION
1100 New York Avenue NW., Washington, DC 20527
Phone, 202-336-8400. Fax, 202-408-9859. Internet, www.opic.gov.
President and Chief Executive Officer Ross J. Connelly, Acting
Vice President, Office of External Affairs Christopher Coughlin
Vice President, Office of Investment Policy Virginia D. Green
Vice President, Structured Finance Department Robert B. Drumheller
Vice President, Small and Medium Enterprise James Polan
Vice President, Insurance Department Michael T. Lempres
Vice President, Department of Investment Daniel A. Nichols
Development and Economic Growth
Vice President, Investment Funds Cynthia Hostetler
Vice President and General Counsel Mark A. Garfinkel
Vice President and Chief Financial Officer (vacancy)
The Overseas Private Investment Corporation is a self-sustaining Federal agency whose purpose is to promote economic growth in developing countries and emerging markets by encouraging U.S. private investment in those nations.
The Overseas Private Investment Corporation (OPIC) was established in
1971 as an independent agency by the Foreign Affairs Reform and Restructuring Act (112 Stat. 2681-790). OPIC helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. OPIC charges market-based fees for its products, and it operates on a self-
sustaining basis at no net cost to taxpayers.
OPIC helps U.S. businesses compete in emerging markets when private sector support is not available. OPIC offers up to $250 million in long-
term financing and/or political risk insuranceto U.S. companies investing in over 150 emerging markets and developing countries. Backed by the full faith and credit of the U.S. Government, OPIC advocates for U.S. investment, offers experience in risk management, and draws on an outstanding record of success.
OPIC mobilizes America's private sector to advance U.S. foreign policy and development initiatives. Projects supported by OPIC expand economic development, which encourages political stability and free market reforms. Since 1971, OPIC has supported $164 billion in investments that have helped developing countries to generate over
732,000 jobs. OPIC projects have also generated $69 billion in U.S. exports and supported more than...