OPIC Signs Commitment with European Development Finance Institutions to Support Development and Private Sector Growth
May 24, 2018
(OPIC)
COLOGNE, GERMANY – Overseas Private
Investment Corporation (OPIC), the U.S.
Government’s development finance institution,
Executive Vice President David Bohigian and
Association of European Development Finance
Institutions Chairman Nanno Kleiterp today
signed a Memorandum of Understanding (MOU)
highlighting each agency’s commitment to
catalyzing private financing and investment for
sustainable development in emerging markets.
“This agreement provides OPIC and its
European development finance institution
counterparts the framework to work more closely
and collaborate on sustainable investments in
developing countries,” Bohigian said. “By
furthering coordination, we’re bolstering
support for more opportunities in emerging
markets. And, by working together on projects
that meet mutual policy objectives and
criteria, we’re promoting democratic values,
self-sustaining societies, and reinforcing best
practices.”
The signing follows recent OPIC MOUs with the
Japan Bank for International Cooperation,
Nippon Export and Investment Insurance, and
Australia’s Department of Foreign Affairs and
Trade. Each MOU focused on supporting greater
cooperation between agencies on investments and
development in emerging markets.
The full text of the MOU can be found here.
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