Overseas Private Investment Corporation

• Pages: 484-486

OVERSEAS PRIVATE INVESTMENT CORPORATION

1100 New York Avenue NW., Washington, DC 20527

Phone, 202-336-8400. Fax, 202-336-7949. Internet, www.opic.gov.

PRESIDENT AND CHIEF EXECUTIVE OFFICER Lawrence Spinelli, Acting

Executive Vice President (vacancy)

Vice President of External Affairs Lawrence Spinelli, Acting

Vice President of Investment Policy Berta M. Heybey, Acting

Vice President of Structured Finance Robert B. Drumheller

Vice President of Small and Medium Enterprise James C. Polan

Finance

Vice President of Insurance Rod Morris

Vice President of Investment Funds Barbara K. Day, Acting

Vice President and General Counsel Dev Jagadesan, Acting

Vice President and Chief Financial Officer Rosemary G. Allen, Acting

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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 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 insurance to 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. Over the agency's 35 year history, OPIC has supported

$177 billion worth of investments that have helped developing countries to generate over $13 billion in host government revenues and create over

800,000 host country jobs. OPIC projects have also generated $71...