CARTAGENA – U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler met with Colombian President Ivan Duque in Cartagena. Boehler reaffirmed the United States’ steadfast commitment to the Colombian people and to partnering with Colombia to foster a more prosperous, stable, and secure Western Hemisphere. He also highlighted the important role that DFC—through its new tools, authorities, and resources—will play in achieving shared goals in Colombia and across Latin America. President Duque welcomed DFC’s partnership in building a strong foundation for broad-based growth in Colombia and expanding economic opportunities for the country’s underserved communities, particularly women and rural populations, through improved access to credit and other essential services. In pursuit of these goals, Boehler and President Duque discussed opportunities to strengthen their cooperation in order to more effectively mobilize private sector investment to high-impact sectors including critical infrastructure, healthcare, and technology.
The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity fund managers.
OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.