OPIC President & CEO  visits El Salvador
May 16, 2006

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Robert Mosbacher Jr, President & CEO of the Overseas Private Investment Corporation, OPIC, visited El Salvador on May 16. 

      Reflecting the U.S. government’s commitment to promote the expansion of investment in Central America after El Salvador’s implementation of CAFTA-DR, senior Salvadoran government leaders and Mr. Mosbacher signed three agreements that would bring $104 million in new, private sector investment to El Salvador and other CAFTA-DR countries.  One agreement formalized  cooperation between OPIC and the National Investment Promotion Agency of El Salvador (PROESA) to improve outreach to U.S. small business investors in El Salvador; the other two investment and cooperation agreements included an OPIC-supported private equity investment fund and financing for a U.S. company supporting microfinance institutions.
                OPIC was established as an agency of the U.S. government in 1971.  It helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy.  Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.

                OPIC’s political risk insurance and financing help U.S. businesses of all sizes invest in more than 150 emerging markets and developing nations worldwide.  Over the agency’s 35-year history, OPIC has supported $164 billion worth of investments that have helped developing countries to generate more than 732,000 host-country jobs and $13 billion in host-government revenues.  OPIC projects have also generated $69 billion in U.S. exports and supported more than 264,000 American jobs.  

OPIC Announces New Private Sector Investment Support For El Salvador
Fact Sheet: El Salvador