President Obama Announces OPIC Southeast Asia Conference for 2011
November 10, 2010
JAKARTA, Indonesia – President Barack Obama announced that the Overseas Private Investment Corporation (OPIC) will host an international investment conference in Indonesia in April 2011, intended to facilitate U.S. private sector investment in the emerging markets of southeast Asia.
“I’m pleased to announce that the Overseas Private Investment Corporation will host its annual conference this spring in Indonesia to highlight new opportunities for partnership here and across the region,” President Obama said at a press conference with Indonesian President Susilo Bambang Yudhoyono.
Following the model of OPIC’s six previous annual international conferences, the Indonesia conference will connect U.S. and regional investors, financial institutions, private equity managers, local partners, and government officials. The conference is expected to focus on sectors such as renewable energy, clean technology and entrepreneurship. Details about the conference dates and venue will be made available in the coming weeks.
Geographically, the conference will target emerging markets including Indonesia, Malaysia, the Philippines, Thailand, Cambodia, Laos, Vietnam and Micronesia.
OPIC President and CEO Elizabeth Littlefield said, “We are pleased to be able to help facilitate new levels of U.S. private sector investment in Indonesia and the many growing markets of Southeast Asia thru this investment conference.”
“The vibrant markets of southeast Asia present significant growth opportunities for U.S. businesses. In particular, U.S. capital can help put countries in the region on the path to lower-carbon economies, energy efficiency and more sustainable usage of natural resources.” Ms. Littlefield said.
Announcement of the conference follow an updated investment agreement signed by the Government of Indonesia and OPIC in April 2010. This agreement provides an improved framework for the range of OPIC programs including project finance and political risk insurance and will support expanded U.S. investment in Indonesia. Since its inception OPIC has provided more than $2.1 billion in insurance and financing in Indonesia.