The overseas private investment corporation : development assistance overview, project selection and monitoring practices / Molly H. Walsh, editor.

Format:

Book

Contributor:

Walsh, Molly H., editor.

Series:

Financial institutions and services.

Financial Institutions and Services

Language:

English

Subjects (All):

Overseas Private Investment Corporation.

Investment guaranty insurance--United States.

Investment guaranty insurance.

Investments, Foreign.

Physical Description:

1 online resource (120 p.)

Place of Publication:

New York : Novinka, 2016.

Summary:

The Overseas Private Investment Corporation (OPIC), a wholly-owned U.S. government corporation, is referred to as the U.S. development finance institution (DFI). It provides political risk insurance, project and investment funds financing, and other services to promote U.S. direct investment in developing countries and emerging economies that will have a development impact. It operates under the foreign policy guidance of the Secretary of State. OPIC's governing legislation is the Foreign Assistance Act of 1961, as amended. This book discusses OPIC background; international context for development finance; and key issues for Congress related to OPIC. Furthermore, the book assesses OPIC's monitoring processes to ensure risks associated with current practices are acceptable for meeting OPIC's program goals.

Contents:

THE OVERSEAS PRIVATE INVESTMENT CORPORATION: DEVELOPMENT ASSISTANCE OVERVIEW, PROJECT SELECTION AND MONITORING PRACTICES; THE OVERSEAS PRIVATE INVESTMENT CORPORATION: DEVELOPMENT ASSISTANCE OVERVIEW, PROJECT SELECTION AND MONITORING PRACTICES; Library of Congress Cataloging-in-Publication Data; CONTENTS; PREFACE; Chapter 1: THE OVERSEAS PRIVATE INVESTMENT CORPORATION: BACKGROUND AND LEGISLATIVE ISSUES*; SUMMARY; BACKGROUND; Origins; Programs; Political Risk Insurance; Investment Financing; Investment Funds; Statutory and Policy Conditions for OPIC-Supported Projects; Portfolio Exposure

Authorizations of Finance and Insurance SupportBudget; Risk Management; INTERNATIONAL CONTEXT FOR DEVELOPMENT FINANCE; ISSUES FOR CONGRESS; Reauthorization; Product Offerings; Equity Authority; Technical Assistance; Policies; Activity Areas; Organizational Structure; End Notes; Chapter 2: OVERSEAS PRIVATE INVESTMENT CORPORATION: ADDITIONAL ACTIONS COULD IMPROVE MONITORING PROCESSES; WHY GAO DID THIS STUDY; WHAT GAO RECOMMENDS; WHAT GAO FOUND; ABBREVIATIONS; BACKGROUND; OPIC's Financing Seeks to Promote Development and Other Policy Goals by Supporting U.S. Investment Abroad

OPIC'S ORGANIZATIONAL STRUCTURE AND OPERATIONSOPIC COMMITTED OVER 20 BILLION TO PROJECTS WORLDWIDE FOR FISCAL YEARS 2008 THROUGH 2014; Financial Instruments; Regions; Country Income Levels; Sectors; OPIC's Commitments in Selected Countries Differed in Size and Industry Focus; OPIC POLICIES GUIDE PROJECT SELECTION, AND OPIC RECENTLY ADOPTED ADDITIONAL GUIDANCE TO ENHANCE THE POLICY CLEARANCE PROCESS; OPIC's Policies Guide the Project Selection Process; OPIC May Informally Prescreen Potential Applicants It Identifies Priorto Accepting an Application

OPIC Screens Projects for Eligibility and Other RequirementsConnection to the United States; Small Business Requirement for Direct Loans; Additionality; Completion of Screening; OPIC Conducts Credit and Legal due Diligence Reviews; OPIC Requires the Completion of Four Policy Clearancesfor Each Project; U.S. Economic and Host Country Development Clearance; Environmental and Social Impacts, Worker Rights, and HumanRights Clearances; Approval for Commitment and First Disbursement Is Based on Project's Level of Financial Risk

OPIC Recently Developed Additional Guidance for Conducting Human Rights ReviewsOPIC Recently Adopted Additional Guidelines for Conducting Cumulative Impact Assessments; OPIC MONITORS PROJECTS, BUT SITE VISIT REPORTS ARE NOT ALWAYS TIMELY, AND USE OF CLIENTREPORTED DATA INVOLVES RISKS; OPIC Uses Several Tools to Monitor Policy Compliance and Development Impacts of Its Projects; Self-Monitoring Questionnaires; Site Monitoring; Site Visit Reports Were Not Always Prepared in aTimely Manner; OPIC May Not Have Adequate Information on SomeProjects' Status; CONCLUSIONS

RECOMMENDATIONS FOR EXECUTIVE ACTION

Notes:

Includes index.

Description based on online resource; title from PDF title page (ebrary, viewed October 6, 2016).

ISBN:

1-63485-729-1