U.S. Abroad Non-public Funding Company (OPIC) President and CEO Elizabeth L. Littlefield is visiting Pakistan this week to fulfill with enterprise leaders and authorities officers, and with U.S. corporations investing in Pakistan. The OPIC delegation can even tour one in every of its funding initiatives, the Aga Khan Hospital and Medical Basis in Karachi, which is understood for its work on social welfare in Pakistan.
“The US is dedicated to strengthening Pakistan’s financial system, and with it, the prosperity of its residents,” mentioned Littlefield. “OPIC has a protracted historical past of supporting U.S. private-sector funding in Pakistan, and we look ahead to seeing firsthand how the initiatives we assist are constructing on previous progress and paving the best way towards a extra affluent future.”
Littlefield will meet with key enterprise leaders and authorities officers to be taught extra about Pakistan’s funding local weather and new alternatives for U.S. buyers to associate with Pakistani companies. Recognizing how crucial the power sector is to Pakistan’s long-term financial progress, OPIC can pay shut consideration to the way it can greatest assist buyers prepared to handle this problem.
“Because the U.S. authorities’s improvement finance establishment, OPIC performs an essential position in catalyzing non-public funding in Pakistan,” mentioned U.S. Ambassador Richard Olson. “OPIC President Littlefield’s go to builds on the profitable U.S.-Pakistan Enterprise Alternatives Convention held Dubai final month, and clearly demonstrates that commerce and funding are the way forward for the U.S.-Pakistan relationship.”
The OPIC delegation will go to the Aga Khan Hospital and Medical Basis in Karachi, which is being renovated and expanded with the assist of an OPIC mortgage. “The success of this mission and plenty of others that OPIC has financed in Pakistan present how non-public capital is usually a pressure for good, supporting enterprise and advancing improvement to enhance the lives of abnormal residents,” Littlefield mentioned.
“We search for disciplined, like-minded companions who’ve native market data, a dedication to sound and clear enterprise practices, and achievable objectives to enhance the lives of the Pakistani folks,” she added.
OPIC has invested in 123 initiatives in Pakistan since its formation in 1971. Its present Pakistan portfolio consists of 14 energetic initiatives price practically $300 million in key industries together with power, well being care, monetary companies for small- and medium-sized enterprises, and telecommunications.
OPIC is the U.S. authorities’s improvement finance establishment. It mobilizes non-public capital to assist remedy crucial improvement challenges, offering buyers with financing, ensures, political threat insurance coverage, and assist for private-equity funding funds. Established in 1971, OPIC operates on a self-sustaining foundation at no web price to American taxpayers. OPIC companies can be found for brand spanking new and increasing companies in additional than 150 nations worldwide. To this point, OPIC has supported greater than $200 billion of funding in over 4,000 initiatives.