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.