OPIC Unleashed: Strengthening US Tools to Promote Private-Sector Development Overseas. Center for Global Development. Benjamin Leo et al. August 14, 2013.
The US government has a large number of existing tools, policy options, and institutions to encourage entrepreneurship and commercial activity abroad. The Overseas Private Investment Corporation (OPIC), a government agency created in 1971 to mobilize private capital in developing countries, is the core institution. However, these tools have not been deployed in an efficient or strategic manner. This underperformance is largely because OPIC is severely constrained by outdated rules and because many needed tools are spread across other federal agencies, according to the authors. The lack of authorization of necessary investment tools used by competing overseas peer institutions, fragmentation of effort, and lack of cohesion across multiple agencies means that the sum of these parts is far less than optimal for both American and developing country interests. [Note: contains copyrighted material].
[PDF format, 11 pages, 362.55 KB].