WASHINGTON – WASHINGTON--(BUSINESS WIRE)--Dec 11, 2014--The Board of Directors of the Overseas Private Investment Corporation (OPIC) today held a quarterly meeting considering new projects for approval. OPIC is the U.S. Government’s Development Finance Institution, and through financing, insurance and support to private equity investment funds, helps the U.S. private sector confidently expand to emerging markets for positive development impact.
Today the OPIC Board approved support for the following projects:
“These first board approvals of the 2015 fiscal year demonstrate OPIC’s broad approach to supporting private sector development in emerging markets,” said Elizabeth Littlefield, OPIC’s President and CEO. “Whether supporting inclusive growth of South Asian business or addressing the deep need for expanded energy access in Africa, OPIC is helping investors realize the inherent opportunity in positive development impact overseas.”
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.
Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 160 countries worldwide. To date, OPIC has supported more than $200 billion of investment in over 4,000 projects, supporting almost $77 billion in U.S. exports and more than 278,000 American jobs.
CONTACT: Overseas Private Investment Corporation
Charles Stadtlander, 202-336-8514
KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA DISTRICT OF COLUMBIA AFRICA INDIA KENYA
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY UTILITIES PUBLIC POLICY/GOVERNMENT OTHER GOVERNMENT PUBLIC POLICY PROFESSIONAL SERVICES FINANCE
SOURCE: Overseas Private Investment Corporation
Copyright Business Wire 2014
PUB: 12/11/2014 03:08 PM/DISC: 12/11/2014 03:08 PM