What is the extent of OPICs review of investment decisions? Are these based on commercial grounds, or solely on compliance with OPICs policies?
Consent with respect to compliance with OPIC policies must be received on each fund investment. OPIC’s policy review does not encompass the commercial merits of proposed investments. The scope of OPIC’s policy review and the nature of its policies, which relate to environmental, health and human safety, internationally recognized worker rights, human rights, host country economic development impact, and displacement of U.S. jobs considerations, as well as certain proscribed industries (e.g., military production, tobacco), will be set forth in the OPIC loan documentation and can be provided to prospective fund managers on request.
Related Questions
- No, this would not be considered an away from the market sale because it was based on investment, commercial or trading considerations. Q601.4: How should an away from the market sale be reported?
- What is the extent of OPICs review of investment decisions? Are these based on commercial grounds, or solely on compliance with OPICs policies?
- Does OPIC participate in investment decisions of the Fund manager?
