Overseas Private Investment Corporation: Difference between revisions
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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 market]]s. 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. |
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 market]]s. 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. |
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==Members== |
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[[Robert Mosbacher, Jr.]] is the President and Chief Executive Officer. |
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[[John A. Simon]] is the Executive Vice President and Chief Operating Officer. |
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The [[Board of Directors]]<ref>[http://www.opic.gov/staff/board.htm Board of Directors]</ref> are: |
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*[[Timothy D. Adams]] |
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:Under Secretary for International Affairs |
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:[[U.S. Department of the Treasury]] |
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*[[Amb. Karan K. Bhatia]] |
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:Deputy U.S. Trade Representative |
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:[[Office of the U.S. Trade Representative]] |
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*[[Samuel E. Ebbesen]] |
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:President and CEO |
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:[[Virgin Island Telephone Corporation]] |
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:St. Thomas, VI |
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*[[Sanford L. Gottesman]] |
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:President |
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:[[The Gottesman Company]] |
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*[[Christopher J. Hanley]] |
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:General Secretary-Treasurer |
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:[[International Union of Operating Engineers]] |
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:Washington, DC |
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*[[Collister Johnson, Jr.]] |
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:President - Federal Systems Division |
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:[[AmCad]] LLC |
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:Reston, VA |
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*[[Steven J. Law]] |
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:Deputy Secretary of Labor |
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:[[U.S. Department of Labor]] |
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*[[Diane M. Ruebling]] |
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:President |
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:[[The Ruebling Group]] |
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:Scottsdale, AZ / Longville, MN |
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*Dr. [[David A. Sampson]] |
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:Deputy Secretary of Commerce |
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:[[U.S. Department of Commerce]] |
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*[[Frederick W. Schieck]] |
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:Acting Administrator |
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:[[Agency for International Development]] |
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*[[Josette Sheeran Shiner|Ambassador Josette Sheeran Shiner]] |
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:Under Secretary of State for Economic, Business and Agricultural Affairs |
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:[[U.S. Department of State]] |
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*[[Ned L. Siegel]] |
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:President |
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:[[The Siegel Group]] |
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:Boca Raton, Florida |
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*[[C. William Swank]] |
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:Retired Executive Vice President |
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:[[Ohio Farm Bureau Federation]] |
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:Westerville, OH |
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== References == |
== References == |
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Revision as of 16:01, 24 May 2010
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.
References