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 Peter S. Watson
Executive Vice President Ross J. Connelly
Vice President, Office of External Affairs Christopher Coughlin
Vice President, Office of Investment Policy Virginia D. Green
Vice President, Finance Department Robert B. Drumheller
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 Gary A. Keel
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, 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 availalbe. 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. OPIC also supported projects to create American jobs and exports--253,000 new U.S. jobs and $64 billion in exports since 1971. OPIC promotes U.S. best practices by requiring projects to adhere to international standards on the environment, worker rights, and...