Reforming Opic for the 21st Century

by Moran, Theodore H.

• ISBN13: 9780881323429
• ISBN10: 088132342X
• Format: Paperback
• Copyright: 2003-05-01
• Publisher: Peterson Inst for Intl Economics

Table of Contents

Preface	vii
Overview	1	(1)
A Rigorous Public Policy Rationale for OPIC	2	(3)
Complementing Rather Than Competing with the Private Sector	5	(1)
OPIC's Impact on Home and Host Countries	6	(2)
Enlarging the Client Base and Revising Eligibility Criteria	8	(1)
Monitoring Workers' Rights, Environmental Standards, and Anticorruption Provisions	9	(2)
Streamlining OPIC's Operations	11	(1)
Lessons Learned from Recent Crises	12	(1)
OPIC Funds	13	(1)
A Summing Up	13	(2)
The Role and Mission of the Overseas Private Investment Corporation	15	(28)
The Analytics of Public-Sector Intervention in Private Markets	16	(8)
The Analytics of Public-Sector Intervention and Recurrent Criticisms of OPIC	24	(3)
Maximizing Cooperation and Minimizing Competition with the Private Sector	27	(5)
Expanding OPIC's Use of Coinsurance, Cofinance, and Reinsurance	32	(6)
Potentially Dangerous Consequences of Trying to Maximize Cooperation with the Private Sector	38	(5)
Enhancing OPIC's Effectiveness	43	(36)
Assessing the Impact of OPIC Programs on Host-Country Development	43	(9)
Strengthening the Job Base in the US Home Market	52	(6)
Enhancing the Observance of Core Labor Standards	58	(7)
Including Small Businesses among OPIC-Supported Projects	65	(5)
Ensuring the Observance of Environmental Standards	70	(4)
Ensuring Compliance with Antibribery and Anticorruption Laws	74	(2)
Restructuring OPIC's Operations	76	(3)
New Directions and Activities for OPIC	79	(18)
New Products	79	(5)
Lessons Learned from Recent Investment Disputes	84	(5)
OPIC in the Age of Globalization: New Clients, Larger Deal Flow, Revised Eligibility Requirements	89	(3)
A New Structure for OPIC Funds	92	(5)
Preparing OPIC for the 21st Century	97	(4)
OPIC's Statutory Requirements and the Agenda for Reform	97	(4)
Appendix A OPIC Reserves	101	(12)
Appendix B Evaluating the Potential Impact of Investments	113	(8)
Appendix C OPIC Worker Rights Policies and Procedures	121	(6)
Appendix D OPIC and Small Business	127	(6)
Appendix E Environmental Issues	133	(8)
Appendix F The Institute's Working Group on OPIC	141	(2)
References	143	(4)
Index	147