OPIC has active projects in 90 countries around the world and seeks to support investment in regions where there is a strong need for investment in development and that are important to American foreign policy.
OPIC has a long history of supporting development in Eastern Europe, and was an early investor in the newly independent states in the 1990s following the fall of Communism. Today this region remains critical to American foreign policy and OPIC continues to actively support investment in the region.
OPIC at work in Eastern Europe. OPIC political risk insurance is supporting a project that will bolster energy security in Ukraine through the construction of a nuclear fuel storage facility that will expand Ukraine’s capacity to store spent fuel and provide an alternative to the current system of paying to ship spent fuel to Russia.
This vast region spans the Indian Ocean, South Asia and several countries including Vietnam, Indonesia and the Philippines that make up the Association of Southeast Asian Nations or ASEAN, and encompasses countries at many different stages of economic development that face a variety of challenges from food security and insufficient electricity to a growing need for small business finance and modern infrastructure and technology.
OPIC at work in the Indo-Pacific. A $2.5 million OPIC loan is helping QuantumID Technologies of Cambridge, Massachusetts invest in an air cargo management system which will improve the competitiveness and efficiency of the air cargo industry in the Philippines, using ultra-high frequency RFID wireless technology.
The Middle East
OPIC’s commitment to supporting investment as a stabilizing force has led to a strong focus on many regions in the Middle East that are affected by conflict. OPIC financing and political risk insurance in these regions support projects that are expanding access to electricity, clean water and financial services, and helping to create jobs and opportunity.
OPIC at work in the Middle East. OPIC financing supported construction of an award-winning natural gas power plant on the outskirts of Amman that has increased the country’s energy generating capacity by about 20 percent and lowered the cost of power.
This region in Central America comprises three countries – El Salvador, Guatemala and Honduras – where civil war and drug-related violence have created such widespread instability that almost 10 percent of the region’s residents have fled. OPIC is committed to supporting project to improve infrastructure and expand opportunities in the region.
OPIC at work in the Northern Triangle. In El Salvador, OPIC financing is supporting three projects that will collectively add nearly 160 MW of solar capacity to help the country meet growing demand and reduce its dependence on imported fuel.
Sub-Saharan Africa is a region of increased focus for OPIC and comprises more than one-quarter of the agency’s active portfolio. Africa is home not only to many of the world’s poorest countries, but also to many of the world’s fastest-growing economies, and presents both a great need for investment and a great opportunity for investors. Learn more
OPIC at work in Sub-Saharan Africa An OPIC loan is supporting a hospital in Cameroon that seeks to provide affordable cataract surgery to thousands of people, addressing one of the leading causes of preventable blindness.