OVERSEAS PRIVATE INVESTMENT CORPORATION OPIC

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OVERSEAS PRIVATE INVESTMENT CORPORATION (OPIC)
An Agency of the United States Government
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OPICs Goals Objectives

• Foster economic growth by facilitating U.S.
  private investment in developing countries and
  emerging markets
• Since 1971, generated over 13 billion in
  host-government revenues and created over 800,000
  host-country jobs
• Help U.S. businesses access opportunities in
  international markets and meet challenges of
  investing
• Since 1971, generated 71 billion in U.S. exports
  and supported more than 271,000 American jobs
• Operate on a self-sustaining basis
  commercially-viable projects on commercial terms
• Do not compete with the private sector

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OPIC Products

• Political Risk Insurance
• Protects investors against a variety of risks
• Long-term financing
• Provides loans and loan guaranties
• Investment Funds
• Supports private equity funds that invest in
  projects abroad

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OPIC in Sub-Saharan Africa

• Since 1971, OPIC has committed over 5.4
  billion in financing and insurance to 378
  projects in 40 countries
• OPIC currently provides 1.8 billion in
  financing and insurance to 74 projects in 32
  countries

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What investments are eligible?

• OPIC supports projects that
• Are located in an OPIC-eligible country
• Significantly involve a U.S. investor
• Are financially sound and have developmental
  benefits for the host country
• Have no adverse affects on the host countrys
  development or environment
• Have no human rights or workers rights violations
• Cause no loss of U.S. jobs or adverse impact on
  the U.S. economy

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OPIC Political Risk Insurance

• Insures U.S. investors against 3 political risks
• Expropriation
• Political Violence
• Currency Inconvertibility
• Terms
• Coverage on equity, debt, other instruments
• Up to 250 million per project, no minimum
• Up to 20-year terms
• Benefits
• Extensive experience, advocacy
• Attract funding from commercial lenders
• Full faith and credit of the U.S. Government
• 1st Step OPIC Form 50 Request for Registration

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OPIC Finance

• Medium to long-term finance through direct loans
  and loan guaranties
• Available to U.S. investments or joint ventures
  (at least 25 U.S. equity)
• Must have experience in the same or a similar
  industry
• Sufficient equity contribution
• Terms
• Loans from 100,000 up to 250 million
• 5-15 year terms
• OPIC can finance up to 50-65 of the total
  project cost for new ventures up to 75 for
  expansions
• 1st Step Section 1A of OPIC Form 115

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OPIC Investment Funds

• Through debt, OPIC supports the creation of
  privately-owned and managed investment funds
• These funds make direct equity equity-related
  investments in new, expanding, or privatizing
  companies abroad
• These funds have a regional or sectoral focus
• List of Participating Funds www.opic.gov/investme
  nt/participating/fulllist/index.asp

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OPIC Small Business

• Small Business Center (SBC) created in 2002
• Small businesses with annual revenues less than
  35 million
• Flexible terms and new products
• Easier access through a stream-lined approval
  process
• Resources
• Enhanced customer service
• Guides, checklists, FAQs at www.opic.gov
• OPICs Public Information Officer
• Online application
• Enterprise Development Network
• Loan Originators (www.ednaccess.com)
• Conferences and workshops

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Contact Information

• Contact the Information Officer
• Info_at_opic.gov
• 202-336-8799 (Hotline)
• 202-336-7949 (Fax)
• Alison Germak, Public Information Officer
• Alison.Germak_at_opic.gov
• 202-336-8651 (Phone)
• 202-336-7949 (Fax)