February 12, 2018

USGLC CEO Statement on a Modern Development Finance Institution

WASHINGTON – The USGLC President and CEO, Liz Schrayer, released the following statement on the Administration’s proposal in the Fiscal Year 2019 budget request to strengthen the U.S. Overseas Private Investment Corporation (OPIC):

I welcome the Administration’s proposal to create a modern development finance institution. This new effort presents an opportunity to enhance an already innovative agency in order to strengthen American competitiveness, foster economic growth, and promote stability in emerging markets.

We applaud this effort to double down on this critical part of our economic development toolkit, which will help to fight poverty and advance our national interests. We look forward to Congressional leaders on both sides of the aisle working with the Administration to help shape this important agenda.

The U.S. Global Leadership Coalition (www.usglc.org) is a broad-based influential network of 500 businesses and NGOs; national security and foreign policy experts; and business, faith-based, academic, military, and community leaders in all 50 states who support strategic investments to elevate development and diplomacy alongside defense in order to build a better, safer world.