OPIC Selects Ranjan & Stephanie Exporters as Originators in Enterprise Development Network
December 17, 2012
WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected Ranjan & Stephanie Exporters of Kaduwela, Sri Lanka, a business development and finance consulting firm, to serve as an originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs) expanding into emerging markets overseas.
The alliance, the Enterprise Development Network (EDN), is expanding the ability of OPIC – the U.S. government agency charged with facilitating U.S. private sector investment in emerging markets – to provide financing to SMEs doing business in developing countries.
Through the support of financial institutions, business consultants, associations, law firms and regional investment promotion agencies, EDN is designed to enhance SME access to OPIC products and services. By empowering such service providers, the network is resulting in more efficient, cost-effective delivery of services to American businesses.
Ranjan & Stephanie Exporters of Kaduwela, Sri Lanka incorporated their business early in 2012 as a sole proprietorship. Its owner, Mr. Ranjan Amarasekara, is an accountant and businessman with more than 20 years of experience in the finance sector offering business development, feasibility studies, project reports and more. He has arranged overseas loans, bank guarantees and other financing through lenders in the Philippines, the U.S. & UK. He recently formed a non-governmental organization with government approval named Ranjan & Stephanie Foundation.
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.
Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported more than $200 billion of investment in over 4,000 projects, generated an estimated $75 billion in U.S. exports and supported more than 277,000 American jobs.