One of the areas where the U.S. has noticeably increased engagement with partners in the Indo-Pacific region has been the coordination between the U.S. Overseas Private Investment Corporation (OPIC, a wholly owned agency of the U.S. government), the Japan Bank for International Cooperation (JBIC) and the private sector. Driven by a common objective to ensure a safe, secure and prosperous Indo-Pacific region, OPIC and JBIC are committed to working with the private sector to deliver on the profound need for growth-enhancing infrastructure in the region.
In order to broaden the U.S. government’s development capabilities, a new organization called the U.S. International Development Finance Corporation (DFC) will launch in October 2019. This DFC will merge OPIC and USAID’s Development Credit Authority to offer project development assistance and financing for infrastructure projects in developing nations. At the forefront of these activities in the Indo-Pacific region will be close cooperation between OPIC, JBIC and programs to mobilize capital from the private sector.
This initiative seeks to offer a financing solution in support of sustainable projects that benefit from transparent business environments and rule of law.
Please join this presentation from the OPIC officer stationed at the US Embassy in Tokyo and his State Department colleague.
Frank Packard, Chair
Christopher Wells, Jenifer Rogers, Pieter Franken, Vice Chairs
ACCJ Alternative Investment Committee
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