What Is the Overseas Private Investment Corporation?
Overseas private investment companies are companies established by the United States under the Foreign Aid Act of 1964. Its purpose is to assist the United States in private investment in developing countries. There are: Investment Guarantee Plan. Financial loans to institutional investors, such as insurance companies that provide commercial and political risk guarantees, are primarily for ticket investments. Direct investment financing plan. U.S. dollar assistance to assist in financing direct foreign investment programs. Investment insurance plan. Insurance provided to prevent the forfeiture and confiscation of American investors and the political risk of war, capital and interest being not convertible. [1]
Overseas Private Investment Company
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- company name
- Overseas Private Investment Company
- Foreign name
- Overseas Private Investment Corporation, OPIC
- Established
- 1971
- Business Scope
- Private investment
- Overseas private investment companies are companies established by the United States under the Foreign Aid Act of 1964. Its purpose is to assist the United States in private investment in developing countries. There are: Investment Guarantee Plan. Financial loans to institutional investors, such as insurance companies that provide commercial and political risk guarantees, are primarily for ticket investments. Direct investment financing plan. U.S. dollar assistance to assist in financing direct foreign investment programs. Investment insurance plan. Insurance provided to prevent the forfeiture and confiscation of American investors and the political risk of war, capital and interest being not convertible. [1]
- Overseas Private Investment Corporation (OPIC) began operations in 1971. As the United States and the world s first overseas investment insurance institution, it has both public and private properties: On the one hand, the law clearly states that "An institution under the guidance of the US State Department's policy", its statutory capital is funded by the state treasury; on the other hand, as a legal person, the company operates and manages in full accordance with the company's system and regulations. Federal agencies that support private overseas investment. In terms of insurance coverage, the United States initially only covered currency forbidden insurance, but it gradually expanded to political risks such as war risks and levies. The main businesses are political risk insurance, project financing, and investment funds.