The Overseas Private Investment Corporation (OPIC) is the US government’s development finance institution. Established in 1971, OPIC is an independent government agency that mobilizes private capital in emerging and frontier economies to address development challenges and advance US foreign policy objectives. It provides US investors with debt financing, loan guarantees, political risk insurance, and support for private equity funds.
CGD’s work focuses on identifying ways that OPIC can maximize its developmental impact, while balancing the agency’s other goals of supporting US foreign policy objectives and maintaining financial sustainability. With thorough analysis of the agency’s structure, portfolio, risk appetite, and transparency, CGD’s research has identified a number of reforms that would enable the United States to deploy development finance in a more efficient and strategic manner.