Overseas Private Investment Corporation

Overseas Private Investment Corporation (OPIC)
Agency overview
Formed1971[1]
DissolvedDecember 20, 2019
Superseding agency
HeadquartersWashington, D.C.
Websitewww.opic.gov
This graphic displays the 160 countries around the world where the U.S. Overseas Private Investment Corporation (OPIC) worked to support U.S. investment. (August 2014)

The Overseas Private Investment Corporation (OPIC) was the United States Government's Development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID) to form the U.S. International Development Finance Corporation (DFC). OPIC mobilized private capital to help solve critical development challenges and in doing so, advanced the foreign policy of the United States and national security objectives.

By working with the U.S. private sector, OPIC helped U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs, and growth opportunities both at home and abroad. It achieved its mission by providing investors with financing, political risk insurance, and support for private equity investment funds when commercial funding could not be obtained elsewhere. Established as an agency of the U.S. government in 1971, OPIC operated on a self-sustaining basis at no net cost to American taxpayers.

  1. ^ Andrejczak, Matt (April 1997). "Agency cuts paperwork to help small businesses". Washington Business Journal. Archived from the original on June 19, 2002. Retrieved July 29, 2024.