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ID-81-21 1 (1981-02-27)

handle is hein.gao/gaobabcem0001 and id is 1 raw text is: 




BY THE COMPTROLLER GENERAL

Report To The Chairman,

Foreign Relations Committee


United States Senate

OF HE


-IT


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The Overseas Private Investment

Corporation: Its Role In Development

And Trade


The Overseas Private Investment Corporation
(OPIC) has made progress since 1978 in diver-
sifying its investment portfolio to include more
of the poorer developing countries. OPIC,
however, has only limited opportunities to en-
hance the developmental aspects of individual
investment projects. One possible way for
OPIC to do more would be to join with the
International Development Cooperation Agen-
cy and the Agency for International Devel-
opment to explore ways to increase the impact
of the investments.

OPIC can also improve its knowledge about
the kinds of U.S. foreign investments which
could have a positive impact on the U.S. econ-
omy if it (1) strengthens its analysis of U.S.
employment through closer coordination with
the Department of Labor and the labor unions
and (2) is more selective in choosing invest-
ments to promote U.S. exports.

OPIC has increased U.S. small business partic-
ipation since 1978 to meet congressional tar-
gets, but it needs to follow up more cfosely to
keep track of progress and problems.


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        ID-8 1-2 1
FEBRUARY 27, 1981


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