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OPIC Board Approves $1.8 Billion to Development Projects Across Four Continents

Thursday, June 14, 2018

(OPIC)  WASHINGTON, D.C. - The Overseas Private Investment Corporation (OPIC) on Thursday approved $1.8 billion in financing and political risk insurance for multiple projects that will advance development in Latin America, Eastern Europe, Asia and Africa.

OPIC, the U.S. Government’s development finance institution, approved projects in a range of sectors including telecommunications, power generation, critical infrastructure and financial services.

Commitments approved will advance the Agency’s 2X Women’s Initiative to mobilize investment in the world’s women; as well as the Northern Triangle Initiative to mobilize investment as a stabilizing force in Central America; and a forthcoming initiative to forge stronger ties between Africa and the rest of the world.

“The range of financing and insurance commitments approved today highlights OPIC’s commitment to advancing development around the world, and illustrates the Agency’s versatility in supporting such diverse projects from major roads and power plants to financial services that will empower female entrepreneurs,” said Ray W. Washburne, OPIC President and Chief Executive Officer. “I want to thank all of our partners and all the OPIC deal teams for their hard work on these projects which will have such a positive impact on so many lives and communities.”

Read President Washburne’s report to the board here.

Projects approved include