The Overseas Private Investment Corporation (OPIC) is an agency of the United States Government established in 1971 that helps U.S. businesses invest overseas and promotes economic development in new and emerging markets. OPIC's mission is to "foster economic development in new and emerging markets, support U.S. foreign policy and create U.S. jobs by helping U.S. businesses to invest overseas." The agency provides political risk insurance against the risks of inconvertibility, political violence, or expropriation. OPIC also provides financing through direct loans and loan guarantees. OPIC operations cost nothing to American taxpayers because it charges market-based fees for its products and services. The agency has earned a profit in each year of operations — US$ 175 million in 2002 — and built its reserves to more than US$ 4 billion.
Robert Mosbacher, Jr. is the President and Chief Executive Officer.
John A. Simon is the Executive Vice President and Chief Operating Officer.
The Board of Directors[1] are:
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