Overseas Private Investment Corporation
What Does Overseas Private Investment Corporation Mean?
The Overseas Private Investment Corporation (OPIC) is a U.S. agency that supports American businesses abroad by providing loans and insurance. In addition to promoting the financial success of private enterprises, it aims to advance U.S. foreign policy and national security in those countries.
Insuranceopedia Explains Overseas Private Investment Corporation
Although it is a government agency headquartered in Washington, D.C., and established in 1971, OPIC is self-sustaining. It is not funded by taxes but by the revenue it generates from its own operations.
OPIC primarily finances American-owned businesses abroad through loans. It also offers insurance, including coverage for political risk. For example, it provides insurance payouts if a business abroad goes bankrupt due to politically induced events, such as war.
