See 'U.S. International Development Finance Corporation (DFC)'
The Overseas Private Investment Corporation (OPIC) was created in 1971 by President Richard Nixon. OPIC's support helped U.S. businesses to invest in emerging markets, which created jobs and opportunities for economic growth. OPIC has since been replaced by the International Development Finance Corporation (DFC) as of January 2020.
Some benefits of OPIC support include:
By promoting U.S. investment in emerging markets, OPIC indirectly facilitated trade, including imports, by helping create more stable economies and stronger trading partners.
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