Contact: Mounir Siraji FOR IMMEDIATE RELEASE
OPIC SELECTS EMERGING MARKETS CONSULTING
AS ORIGINATOR IN
ENTERPRISE DEVELOPMENT NETWORK
WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected Emerging Markets Consulting, an international development consulting firm focusing on bilateral trade and social relationships between the U.S. and the Kingdom of Morocco, to serve as a Loan Originator for a new alliance with the private sector designed to support small and medium-sized enterprises (SMEs)expanding into emerging markets overseas.
The alliance, the Enterprise Development Network (EDN), will greatly expand the ability of OPIC – the U.S. government agency charged with facilitating U.S. private sector investment in emerging markets – to provide financing to SMEs doing business in developing countries.
Through the support of financial institutions, business consultants, associations, law firms and regional investment promotion agencies, EDN is designed to enhance SME access to OPIC products and services. By empowering such private sector service providers, the network will result in more efficient, cost-effective delivery of services to American businesses.
Emerging Markets Consulting (EMC) is an international development consulting firm that assists both public institutions and U.S. small and medium enterprises in locating, understanding, and seizing opportunities, in all socio-economic sectors of global emerging markets, with an emphasis on the improvement of bilateral trade and social relationships between the U.S. and the Kingdom of Morocco. EMC’s goal is to leverage and be actively involved in available U.S. government (e.g., USAID, USTDA, MCC, etc.) grant funded resources in Morocco, such as technical assistance and definitional missions, to create business opportunities, for U.S. small and medium enterprises, that will have positive developmental and environmental impacts on the host country society. Visit EMC on the web at www.emergingco.com.
OPIC was established as an agency of the U.S. government in 1971. It helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.
OPIC’s political risk insurance and financing help U.S. businesses of all sizes invest in more than 150 emerging markets and developing nations worldwide. Over the agency’s 38-year history, OPIC has supported $188 billion worth of investments that have helped developing countries to generate over 830,000 host-country jobs. OPIC projects have also generated $72 billion in U.S. exports and supported more than 273,000 American jobs. Visit OPIC on the web at www.opic.gov
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