Overseas Private Investment Corp
1100 New York Avenue North West20527 Washington , District Of Columbia
District Of Columbia US
Overseas Private Investment Corporation
Also known as:
US government agency with a mission to mobilize the participation of US private capital in the development of less developed countries
OPIC is an independent US government agency whose mission is to mobilize and facilitate the participation of US 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. OPIC assists US companies by providing financing (from large structured finance to small business loans), political risk insurance, and investment funds. OPIC complements the private sector in managing risks associated with foreign direct investment and supports US foreign policy. OPIC was established as an agency of the US government in 1971 and currently does business in over 150 countries.