The Overseas Private Investment Corporation is facing an uncertain future amid mixed signals from the White House and Congress about its role in the Donald Trump administration.
The agency has appeared on some leaked lists of possible government cuts, but not on others. It has bipartisan support in Congress, but many representatives are tentative and waiting for a signal from the executive. Meanwhile, widespread discussion about a possible nominee to head OPIC has given proponents of the agency hope it could not only persist but even expand under Trump.
For those watching closely, it’s been a rollercoaster ride at a time when other countries, notably the U.K. and China, are expanding their development finance institutions.
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About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
