OPIC Acting President and CEO Bohigian Joins Presidential Delegation in Senegal
April 2, 2019
Delegation to observe inauguration of President Macky Sall
Dakar, Senegal - As part of a U.S. Presidential delegation to Senegal marking the occasion of the inauguration of President Macky Sall, OPIC Acting President and CEO David Bohigian issued the following statement:
"Congratulations to the people of Senegal and President Macky Sall on his recent re-election and inauguration as the President of the Republic of Senegal. I'm honored to be part of this historic event – a demonstration of our shared democratic values.
Senegal has been a longstanding partner with OPIC. With more than $400 million in investment in the country across the power sector, agriculture, and microfinance, we look forward to continuing our work together to help support new projects, economic development and job growth for the people of Senegal."
Mr. Bohigian joined U.S. Agency for International Development Administrator Mark Green as well as officials from the State Department and Peace Corps for the official delegation along with leaders from the region.
The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers.
OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.