OPIC Establishes Credit Line For Afghan Investment

ByJohn S. McClenahen Three weeks after co-hosting a Washington conference focused on U.S. business investment opportunities, the Overseas Private Investment Corp. (OPIC) is making available an initial $50 million line of credit to support U.S. investment in Afghanistan. OPIC, a federal agency that provides political risk insurance and financing for U.S. business investments in developing nations, says it will not support any projects in Afghanistan that would result in the loss of U.S. jobs. In February OPIC, along with officials from the U.S. Export-Import Bank and the U.S. Trade Development Agency, are slated to undertake an investment assessment mission to Afghanistan.