Overseas Private Investment Corporation (OPIC)

The Overseas Private Investment Corporation (OPIC) is a United States government agency that promotes economic development in developing countries by providing political risk insurance, financing, and technical assistance to American businesses. OPIC helps American companies invest overseas by reducing the risks associated with foreign direct investment. OPIC's political risk insurance protects American companies against losses due to expropriation, political violence, and currency inconvertibility. OPIC's financing helps American companies finance their investments overseas by providing loans, loan guarantees, and equity investments. OPIC's technical assistance helps American companies develop and implement their investment projects overseas.

OPIC was created by the Foreign Assistance Act of 1961. OPIC is a self-sustaining agency that is financed by fees paid by its clients. OPIC is headquartered in Washington, D.C., and has offices in more than 40 countries.

OPIC has helped American companies invest in more than 4,000 projects in developing countries. OPIC's investments have created more than 2 million jobs in developing countries and have generated more than $70 billion in U.S. exports.

OPIC is a valuable tool for American companies that are interested in investing overseas. OPIC can help American companies reduce the risks associated with foreign direct investment and can help American companies finance their investments overseas. OPIC is a valuable resource for American companies that are interested in expanding their businesses into the global marketplace.

Here are some additional details about OPIC:

* OPIC is a member of the World Bank Group.
* OPIC is governed by a board of directors that is appointed by the President of the United States.
* OPIC's president is appointed by the President of the United States with the advice and consent of the Senate.
* OPIC's annual budget is approximately $200 million.

OPIC is a valuable resource for American companies that are interested in investing overseas. OPIC can help American companies reduce the risks associated with foreign direct investment and can help American companies finance their investments overseas. OPIC is a valuable tool for American companies that are interested in expanding their businesses into the global marketplace.