OPIC Selects FMR Consulting Inc. As Originators in Enterprise Development Network
November 13, 2014
WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected FMR Consulting Inc. (FMR), a Washington, D.C. area financial services 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.
FMR has provided consulting services to public and private sector organizations in the U.S. since 2001. The firm offers financial management and systems services as well as strategic advice and guidance in raising capital through traditional and alternative sources, including U.S. government agencies, multilateral lending institutions, commercial banks and private equity. Membership in EDN is an important plank of a diversification initiative designed to leverage the considerable contacts and experience of FMR in emerging markets, particularly Africa and South America. Through EDN, the firm is trained and has the capacity to arrange financing for amounts ranging from $450,000 to $250 million per project. For more details and contact information please visit www.fmrconsulting.com.
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 $76 billion in U.S. exports and supported more than 278,000 American jobs..