Overseas Private Investment Corporation

• Pages: 496-499

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

T189864.082

Vice President, Finance Department Robert B. Drumheller

Vice President, Insurance Department Rod Morris

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

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The Overseas Private Investment Corporation is a self-sustaining Federal agency whose purpose is to promote economic growth in developing countries by encouraging U.S. private investment in those nations.

The Overseas Private Investment Corporation (OPIC) was established as an independent agency by the Foreign Affairs Reform and Restructuring Act of 1998 (112 Stat. 2681-790). OPIC assists American investors in four principal ways: financing of businesses through loans and loan guaranties; supporting private investment funds which provide equity for U.S. companies investing in projects overseas; insuringinvestments against a broad range of political risks; and engaging in outreach activities. All of these programs are designed to reduce the perceived stumbling blocks and risks associated with overseas investment.

Organized as a corporation and structured to be responsive to private business, OPIC is mandated to mobilize and facilitate the participation of U.S. private capital and skills in the economic and social development of developing countriesand emerging economies. Currently, OPIC programs are available for new business enterprises or expansion in some 140 countries worldwide. The Corporation encourages American overseas private investment in sound business projects, thereby improving U.S. global competitiveness, creating American jobs, and increasing U.S. exports. The Corporation does not support projects that will result in the loss of domestic jobs or have a negative impact on the host country's environment or workers' rights.

The Corporation is governed by a 15-member Board of Directors, of whom 8 are appointed from the private sector...