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OPIC concludes regional tour

A high-level delegation from the Overseas Private Investment Corporation, which is the US government’s development finance institution, has concluded a trip to the Caribbean region to discuss opportunities for US investment in infrastructure, energy, water, and women’s economic empowerment. 

Friday, May 24, 2019
Friday, May 24, 2019

David Bohigian, acting president and chief executive officer of the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, has concluded travel to Haiti, Jamaica, the Dominican Republic, St. Lucia, and The Bahamas, where he led a high-level OPIC delegation to discuss opportunities for US investment in infrastructure, energy, water, and women’s economic empowerment.

“By partnering with our Caribbean neighbours to advance priorities like expanding access to low-cost energy, supporting critical infrastructure, and empowering women, OPIC is working to more effectively leverage private sector investment as a tool for improving lives, fostering stability, and advancing security in the Western Hemisphere,” said Bohigian. “Through this visit, OPIC looks forward to creating new opportunities, strengthening relationships, and reaffirming the United States’ strong commitment to the region.”

During his visit, Bohigian met with local business leaders to explore investment opportunities in priority sectors such as energy and infrastructure. He also met with heads of state including Bahamian Prime Minister Dr Hubert Minnis, Jamaican Prime Minister Andrew Holness, Haitian President Jovenel Moise, Dominican President Danilo Medina, and St Lucian Prime Minister Allen Chastanet.

Bohigian led an OPIC delegation to the Caribbean region to explore investment opportunities in energy and other critical sectors, and strengthen relationships with countries who are key partners in fostering stability and security in the Western Hemisphere.

OPIC’s current portfolio in the region includes more than $250 million invested across projects ranging from small business lending, power generation, agriculture, and low-income mortgage lending.

Earlier this spring, President Trump hosted a meeting with leaders from the region to discuss trade, energy investment, and security concerns in which he reaffirmed the US’ commitment to working with its partners in the region to foster economic growth, counter predatory investment practices, and strengthen security cooperation.

PO8, a Bahamian tech company tokenizing archaeological assets by issuing Non-Fungible Tokens (NFT) representing their value, recently received a No Action Letter from The Securities Commission of The Bahamas ahead of the company's Non-Fungible Token offering. The first letter of its kind for NFT offerings, it paves the way for PO8 to move forward with its planned offering in a compliant manner.

The Bahamas Ministry of Tourism and Aviation participated in ITB China 2019 in Shanghai last week as the Official Island Travel Partner. This was the first time The Bahamas has participated in China's B2B tourism industry exhibition, with a booth, speeches and fun interactive activities to promote the country.

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