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Opic
The Overseas Private Investment Corporation (OPIC) was the United States Government's Development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID) to form the U.S. International Development Finance Corporation (DFC). OPIC mobilized private capital to help solve critical development challenges and in doing so, advanced the foreign policy of the United States and national security objectives. By working with the U.S. private sector, helped U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs, and growth opportunities both at home and abroad. It achieved its mission by providing investors with financing, political risk insurance, and support for private equity investment funds when commercial funding could not be obtained elsewhere. Established as an agency of the U.S. government in 1971, OPIC operated on a self-sustaining basis at no net cost to American t ...
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United States International Development Finance Corporation
The United States International Development Finance Corporation (DFC) is a development finance institution and agency of the United States federal government. DFC invests in development projects primarily in lower and middle-income countries. First authorized on 5 October 2018 by the BUILD Act, the independent agency was formed on 20 December 2019 by merging the Overseas Private Investment Corporation (OPIC) with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID), as well as with several other smaller offices and funds. DFC's lending capacity is used to provide loans, loan guarantees, direct equity investments, and political risk insurance for private-sector led development projects, feasibility studies, and technical assistance. DFC invests across several sectors including energy, healthcare, critical infrastructure, and technology,Akhtar and Brown 2022, p. 19. with stated priorities of women's empowerment, innovation, invest ...
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Inter-American Development Bank
The Inter-American Development Bank (IDB or IADB) is an international financial institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations. The IDB has four official languages: English, Spanish, Portuguese and French. Its official names in the other three languages are as follows: History At the First Pan-American Conference in 1890, the idea of a development institution for Latin America was first suggested during the earliest efforts to create an inter-American system. The IDB became a reality under an initiative proposed by President Juscelino Kubitshek of Brazil. The Bank was formally created on April 8, 1959, when the Organization of American States dr ...
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Lawrence Spinelli
Lawrence may refer to: Education Colleges and universities * Lawrence Technological University, a university in Southfield, Michigan, United States * Lawrence University, a liberal arts university in Appleton, Wisconsin, United States Preparatory & high schools * Lawrence Academy at Groton, a preparatory school in Groton, Massachusetts, United States * Lawrence College, Ghora Gali, a high school in Pakistan * Lawrence School, Lovedale, a high school in India * The Lawrence School, Sanawar, a high school in India Research laboratories * Lawrence Berkeley National Laboratory, United States * Lawrence Livermore National Laboratory, United States People * Lawrence (given name), including a list of people with the name * Lawrence (surname), including a list of people with the name * Lawrence (band), an American soul-pop group * Lawrence (judge royal) (died after 1180), Hungarian nobleman, Judge royal 1164–1172 * Lawrence (musician), Lawrence Hayward (born 1961), British musician * ...
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Elizabeth Littlefield
Elizabeth L. Littlefield, is a Senior Counselor and Head of the Sustainability Practice at Albright Stonebridge Group and a Senior Advisor at Pollination. She chairs the Board of M-KOPA solar and serves on the board of the World Wildlife Fund (US). She served as the Chairman, President, and CEO of the Overseas Private Investment Corporation (OPIC), now a part of the U.S. International Development Finance Corporation (USIDFC), during the Obama administration. Prior, she served as the CEO of the Consultative Group to Assist the Poor (CGAP) and as a Director at the World Bank. She began her career at JPMorgan where she served in positions including as Managing Director for Emerging Markets. Early life A native of Boston, Littlefield attended the Fondation Nationale de Sciences Politiques and Columbia University in Paris, France in 1981, obtaining a Certificat d'Etudes de Sciences Politiques. In 1982, she graduated from Brown University in Providence, Rhode Island cum laude with a B ...
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Ray Washburne
Ray Willets Washburne is an American businessman, political fundraiser, and government official. He served as President and CEO of the Overseas Private Investment Corporation from 2017 to 2019 and as a member of the President's Intelligence Advisory Board since 2019. Early life and education Washburne was born in Dallas, Texas in 1960, and was raised in Highland Park, later graduating from Southern Methodist University. In 1997 he married Heather Hill, a descendant of H. L. Hunt. Business career Washburne is a co-founder of the M Crowd Restaurant Group, owning forty-six restaurants, including the Mi Cocina and Taco Diner restaurant chains. He also has real-estate developments in several states and is the CEO of Charter Holdings. In 2009, Washburne and his family bought the Highland Park Village, an upscale shopping center in Dallas, for $170 million. Washburne is currently the Chairman of the Board of Sunoco, LP. He is also a member of Council on Foreign Relations and a boar ...
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David Bohigian
David Steele Bohigian is an American businessman and government official who served as the acting president of the Overseas Private Investment Corporation, the former development finance institution of the United States government. Bohigian previously served as the corporation's executive vice president. He was confirmed by the Senate by voice vote in August 2017 under the Donald Trump administration. He also served as Assistant Secretary of Commerce for Market Access and Compliance under President George W. Bush. Bohigian is also an investor, venture capitalist, and has graduated from law school. Education Bohigian graduated with a bachelor’s degree in journalism from Washington and Lee University in 1992 and a Juris Doctor degree from Washington University School of Law in St. Louis in 1995. Career After graduating, Bohigian served as a director and equity partner at venture capital firm Jefferson Partners from October 1995 to June 1999. In 1999, Bohigian co-founded and serv ...
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President Of The United States
The president of the United States (POTUS) is the head of state and head of government of the United States of America. The president directs the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces. The power of the presidency has grown substantially since the first president, George Washington, took office in 1789. While presidential power has ebbed and flowed over time, the presidency has played an increasingly strong role in American political life since the beginning of the 20th century, with a notable expansion during the presidency of Franklin D. Roosevelt. In contemporary times, the president is also looked upon as one of the world's most powerful political figures as the leader of the only remaining global superpower. As the leader of the nation with the largest economy by nominal GDP, the president possesses significant domestic and international hard and soft power. Article II of the Constitution establ ...
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Foreign Assistance Act
The Foreign Assistance Act (, et seq.) is a United States law governing foreign aid policy. It outlined the political and ideological principles of U.S. foreign aid, significantly overhauled and reorganized the structure U.S. foreign assistance programs, legally distinguished military from nonmilitary aid, and created a new agency, the United States Agency for International Development (USAID) to administer nonmilitary economic assistance programs. Following its enactment by Congress on September 4, 1961, President John F. Kennedy signed the Act into law on November 3, 1961, issuing Executive Order 10973 detailing the reorganization. USAID unified already existing U.S. aid efforts, combining the economic and technical assistance operations of the International Cooperation Administration, the loan activities of the Development Loan Fund, the local currency functions of the Export-Import Bank, and the agricultural surplus distribution activities of the Food for Peace program of t ...
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Jacob Javits
Jacob Koppel Javits ( ; May 18, 1904 – March 7, 1986) was an American lawyer and politician. During his time in politics, he represented the state of New York in both houses of the United States Congress. A member of the Republican Party, he also served as the state's Attorney General. Generally considered a liberal Republican, he was often at odds with his own party. A supporter of labor unions, Great Society and civil rights, he played a key role in the passing of civil rights legislation. An opponent of the War in Vietnam, he drafted the War Powers Resolution in 1973. Born to Jewish parents, Javits was raised in a tenement on the Lower East Side of Manhattan. He graduated from the New York University School of Law and established a law practice in New York City. During World War II, he served in the United States Army's Chemical Warfare Department. Outraged by the corruption of Tammany Hall, Javits joined the Republican Party and supported New York Mayor Fiorello H. La ...
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Clement Zablocki
Clement John Zablocki (November 18, 1912December 3, 1983) was an American politician who served nearly 35 years in the United States House of Representatives, representing Wisconsin's 4th congressional district. A liberal Democrat, he built his reputation in foreign policy by taking strong anticommunist positions and supporting the Vietnam War. He rose to become chairman of the House Foreign Affairs Committee for the last six years of his career. Career Zablocki was born in Milwaukee, Wisconsin, and graduated from Milwaukee's Marquette University. Zablocki was elected to the Wisconsin State Senate in 1942, at age 30, representing the 3rd senatorial district. He served one full four-year term and was re-elected in 1946. Tenure in Congress In 1948, he challenged incumbent Republican congressman John C. Brophy, who had been narrowly elected in a three-way race in 1946. Zablocki faced no opposition in the Democratic primary, and defeated Brophy in the general election, carrying ...
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Profit Motive
In economics, the profit motive is the motivation of firms that operate so as to maximize their profits. Mainstream microeconomic theory posits that the ultimate goal of a business is "to make money" - not in the sense of increasing the firm's stock of means of payment (which is usually kept to a necessary minimum because means of payment incur costs, i.e. interest or foregone yields), but in the sense of "increasing net worth". Stated differently, the reason for a business's existence is to turn a profit. The profit motive is a key tenet of rational choice theory, or the theory that economic agents tend to pursue what is in their own best interests. In accordance with this doctrine, businesses seek to benefit themselves and/or their shareholders by maximizing profits. As it extends beyond economics into ideology, the profit motive has been a major matter of contention. Economics Theoretically, when an economy is fully competitive (i.e. has no market imperfections like extern ...
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Project Finance
Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of equity investors, known as 'sponsors', and a 'syndicate' of banks or other lending institutions that provide loans to the operation. They are most commonly non-recourse loans, which are secured by the project assets and paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors, a decision in part supported by financial modeling; see Project finance model. The financing is typically secured by all of the project assets, including the revenue-producing contracts. Project lenders are given a lien on all of these assets and are able to assume control of a project if the project company has difficulties complying with the loan terms. Generally, a special purpose entity is created for eac ...
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