Reforming OPIC for the 21st Century
C. Fred Bergsten and
Theodore Moran ()
No PB03-05, Policy Briefs from Peterson Institute for International Economics
The mission of the Overseas Private Investment Corporation (OPIC)--created in 1969 through an amendment to the Foreign Assistance Act--is "to mobilize and facilitate the participation of United States private capital and skills in the economic and social development of less developed countries and areas, and countries in transition from nonmarket to market economies, thereby complementing the development assistance objectives of the United States." OPIC pursues this mission by insuring US investors against political risks that include expropriation, currency inconvertibility, and political violence; by financing US investors overseas through loans and loan guarantees; and by providing credits to private investment funds that make equity investments in businesses in underdeveloped countries and regions.
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://www.piie.com/publications/policy-briefs/re ... oration-21st-century (text/html)
Book: Reforming OPIC for the 21st Century (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:iie:pbrief:pb03-5
Access Statistics for this paper
More papers in Policy Briefs from Peterson Institute for International Economics Contact information at EDIRC.
Bibliographic data for series maintained by Peterson Institute webmaster ().