Abstract
The purpose of the Overseas Private Investment Corporation (OPIC) is “to mobilize and facilitate the participation of United States private capital and skills in the economic and social development of less developed friendly countries and areas, thereby complementing the development assistance objectives of the United States” (Foreign Assistance Act of 1969, quoted in Investment Insurance Handbook, p. 3). OPIC seeks to accomplish this through providing investment insurance and financing to corporations which are willing to invest in less developed countries. “In all instances the projects OPIC supports must assist in the social and economic development of the country, and must be consistent with the economic interests of the United States” ( Investment Financing Handbook p. 3).
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