Claims and Arbitral Awards
OPIC, in cooperation with the U.S. investor, other U.S. government agencies, the local United States embassy, and the host government, works to avert potential claim situations before they materialize. OPIC’s claim process is designed to ensure that OPIC protects the taxpayer, preserves the project, if possible, and pays valid claims. When OPIC has paid or settled claims, its recovery rate has been outstanding.
The Overseas Private Investment Corporation (OPIC) provides political risk insurance and project financing for U.S. investors in developing nations and countries in transition from nonmarket to market economies. Since 1971, OPIC has made 295 insurance claim settlements totaling $976.8 million. These settlements have been structured either as cash settlements to investors ($620.8 million) or as OPIC guaranties of host government obligations or other similar arrangements ($356 million). In accordance with those arrangements, OPIC has paid $130 million in addition to the cash settlements described above for a total of $750.8 million in cash payments to date.