Overseas Private Investment Corporation


Also found in: Acronyms, Wikipedia.

Overseas Private Investment Corporation

A federal agency (www.opic.gov) established in 1971 to assist American businesses desiring to invest overseas.It provides medium- to long-term funding for projects in developing countries and emerging markets, including housing, hotels, airports, and natural resource extraction. It also provides political risk insurance for currency inconvertibility, expropriation, and political violence. The corporation is self-funding through fees for services and uses no taxpayer money.

References in periodicals archive ?
The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S.
Obama asked Congress in January 2012 for authority to streamline into one department the business-and trade-related functions of half a dozen entities including Department of Commerce, Export-Import Bank, Overseas Private Investment Corporation, Small Business Administration, Trade and Development Agency, and Office of the U.S.
The United States' Overseas Private Investment Corporation (OPIC) has approved a US $270 million financing deal for the construction of a 240MW power plant in Jordan.
A division of Abraaj will manage the financing provided by the US government's Overseas Private Investment Corporation (OPIC), which uses private capital to promote development and help businesses break into emerging markets.
OrPower 4 Inc, a subsidiary of Ormat Technologies Inc (NYSE: ORA), and the Overseas Private Investment Corporation, an agency of the United States Government, have signed a finance agreement for the limited-recourse project financing for the Olkaria III geothermal power complex located in Naivasha, Kenya.
Summary: Egypt's fledgling democracy received a significant boost from the Overseas Private Investment Corporation (OPIC), the U.S.
The major news from the company was the securing of US$ 58mn in financing from the Overseas Private Investment Corporation (OPIC) to finish construction of the power plant.
TUNIS, March 17, 2011 (TAP) - Chief Executive Officer of the Overseas Private Investment Corporation (OPIC) Elizabeth Littelfield voiced admiration for the democratic transition Tunisia is living through, after the January 14 Revolution, and expressed the great interest that various American circles are taking in the country.
The loan would be guaranteed by Overseas Private Investment Corporation (OPIC), an agency of the United States government.
Africa Fund III includes over $450m from return investors such as the AfDB, the IFC, the Overseas Private Investment Corporation and the UK's CDC.
The Overseas Private Investment Corporation (OPIC) is scheduled to participate on the session 'Turning Energy Challenges into Opportunities: Tapping into Alternative Resources and Developing Green Technologies.'
The Overseas Private Investment Corporation (OPIC) is a self-sustaining agency that mobilizes American private investment by providing political risk insurance and financing in support of U.S.
Full browser ?