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Overseas Private Investment Corporation

Published online by Cambridge University Press:  13 August 2021

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Extract

The purpose of the Overseas Private Investment Corporation (OPIC) is “to mobilize and facilitate the participation of United States private capital and skills in the economic and social development of less developed friendly countries and areas, thereby complementing the development assistance objectives of the United States” (Foreign Assistance Act of 1969, quoted in Investment Insurance Handbook, p. 3). OPIC seeks to accomplish this through providing investment insurance and financing to corporations which are willing to invest in less developed countries. “In all instances the projects OPIC supports must assist in the social and economic development of the country, and must be consistent with the economic interests of the United States” (Investment Financing Handbook p. 3).

Type
Research Article
Information
African Issues , Volume 8 , Issue 2-3 , Summer/Fall 1978 , pp. 101 - 103
Copyright
Copyright © African Studies Association 1978 

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References

Jordan, Robert L., Director, Public Affairs. Letter of August 17, 1977.Google Scholar
Jordan, Robert L., Letter of November 11, 1977.Google Scholar
Overseas Private Investment Corporation, 1976 Annual Report. Google Scholar
OPIC, A Guide to the Investment Services of the Overseas Private Investment Corporation. Google Scholar
OPIC, Officers of the Overseas Private Investment Corporation. Google Scholar
OPIC, OPIC Country List. OPIC, Investment Financing Handbook. Google Scholar
OPIC, Investment Insurance Handbook. Google Scholar
Spotlights. (May, 1976).Google Scholar
Spotlights. (January/February 1977).Google Scholar