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OPIC Signs Commitment with European Development Finance Institutions to Support Development and Private Sector Growth

Thursday, 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.