OPIC is the U.S. government’s development finance institution. It mobilizes private capital to help address critical development challenges and in doing so, advances U.S. foreign policy and national security priorities. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs, and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, political risk insurance, and support for private equity investment funds, when commercial funding cannot be obtained elsewhere. Established as an agency of the U.S. government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers.
All OPIC projects adhere to high environmental and social standards and respect human rights, including worker's rights. By mandating high standards, OPIC aims to raise the industry and regional standards in countries where it funds projects. OPIC services are available for new and expanding business enterprises in more than 160 countries worldwide.
For President's budget request for FY19, OPIC received $0 request.
Overseas Private Investment Corporation Data
U.S. government agencies are adding data to ForeignAssistance.gov quarterly to comply with the Foreign Aid Transparency and Accountability Act of 2016. Each agency is required by law to report at FY2015 as the minimum base year.
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Transaction Data | OPIC
Transaction data represents every individual financial record in an agency’s accounting system for program work with implementing partners and administrative expenses. Transaction data is the most granular form of financial data. Each data record - or financial transaction - contains qualitative data fields, including descriptive titles, vendor names, and location, along with the financial data. Thus, transaction data is called Disaggregated data as it disaggregates financial data into its most basic form.
The data shown above in the planned, obligated, and spent tabs represents transaction data aggregated at a higher level of analysis (by country and sector only), thus this data is called Aggregated data.
The table below displays every applicable award within each agency’s accounting system. An award may consist of multiple financial transactions. In these instances, the table displays the award’s aggregated sum of its individual transactions. Data from the table can be downloaded by selecting each individual award. The downloadable report disaggregates award data into individual transactions. If an award has multiple transactions, the downloadable report will generate lines of data for each transaction.
This data set will continue to be updated in accordance with Office of Management and Budget (OMB) Bulletin 12-01.
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Frequently Asked Questions | OPIC
The Overseas Private Investment Corporation (OPIC) is the U.S. government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy and national security priorities. Because OPIC works with the private sector, it helps U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.
Yes, OPIC was established in 1971 as an agency of the U.S. government. Organized as a corporation with a corporate structure, it is governed by a Board of Directors, President and CEO, and Executive Vice President, all nominated by the President of the United States and approved by the U.S. Senate. Although it operates on a self-sustaining basis at no net cost to American taxpayers, OPIC is appropriated administrative funding, and reauthorized on a regular basis, by the U.S. Congress.
OPIC supports U.S. foreign policy objectives by encouraging development in regions that have experienced instability or conflict, yet offer promising growth opportunities, such as the Middle East and North Africa, Sub Saharan Africa and Southeast Asia. OPIC’s work contributes to stability and economic opportunity, which helps mitigate risk to U.S. companies investing abroad, and promotes a positive developmental effect for the host countries. To date, OPIC has supported more than $200 billion of investment in over 4,000 projects, generated an estimated $75 billion in U.S. exports, and supported more than 277,000 American jobs.
OPIC’s Small and Medium-sized Enterprise Financing is available for businesses with annual revenues under $400 million, spanning sectors from renewable energy and housing to agriculture and consumer goods. OPIC’s Structured Financing supports large-scale projects that require significant amounts of capital, in such sectors as infrastructure, telecommunications, power, water, housing, airports, hotels, financial services and natural resource extraction.
Political Risk Insurance: OPIC’s insurance enables U.S. businesses to take advantage of commercially attractive opportunities in emerging markets, mitigating risk and helping them compete in a global marketplace. OPIC helps U.S. investors protect their investments in a variety of situations, including political violence, expropriation or other government interference, and currency inconvertibility.
Investment Funds: OPIC provides support for the creation of privately owned and managed investment funds. These funds make direct equity and equity-related investments in new, expanding or privatizing emerging market companies. OPIC-supported funds help emerging market economies to access long-term growth capital, management skills, and financial expertise, all of which are key factors in expanding economic development for people in developing nations.
OPIC requires that its projects have a meaningful connection to the U.S. private sector. For financing, this means a U.S.-organized entity 25 percent or more U.S.-owned or a majority U.S.-owned foreign organized entity; U.S. citizens, lawful permanent residents and U.S.-organized non-governmental organizations. OPIC does not support projects that will negatively affect the U.S. economy. For more information on requirements for political risk insurance and investment funds, visit www.opic.gov.
American small businesses are an OPIC priority, comprising on average 80 percent of projects supported by the agency annually. OPIC’s Department of Small and Medium-sized Enterprise Finance offers qualified small businesses a streamlined approval process and direct loans from $350,000 to $10 million with terms from three to 15 years. While the eligible U.S. small business must own at least 25 percent of the overseas project, OPIC may be able to finance up to 65 percent of the total project cost. OPIC has conducted more than a dozen small business workshops around the United States since 2006, educating nearly 1600 business owners about OPIC products and services.
OPIC projects must meet Congressionally-mandated requirements regarding protection of the environment, social impacts, health, and safety. The guidelines and procedures are based in large part on environmental and social impact assessment procedures applied by organizations such as the World Bank Group, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the U.S. Export Import Bank. Projects that are likely to have significant adverse environmental or social impacts are disclosed to the public for a comment period of 60 days.