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OPIC CEO meets with PM to explore investment opportunities

The top executive of the U.S. government’s development finance institution, Overseas Private Investment Corporation (OPIC), met with Prime Minister Dr. Hubert Minnis yesterday to discuss U.S. investment and enhanced security cooperation.

Acting President and Chief Executive Officer of OPIC David Bohigian also met with business community representatives to “explore investment opportunities and highlight priority sectors for OPIC in the region”.

According to a press release, Bohigian also met with Minister of Public Works Desmond Bannister and Bahamas Power and Light (BPL) Chairman Dr. Donovan Moxey “to discuss shared commitments to advancing the region’s energy security”.

The release explains that Bohigian is leading a high-level OPIC delegation to the Caribbean to “explore investment opportunities in energy and other critical sectors; and strengthen relationships with countries that are key partners in fostering stability and security in the Western Hemisphere”.

“By partnering with our allies in the region, we can foster greater economic development, stability and security in the Caribbean and beyond,” Bohigian said in the press statement.

“OPIC is committed to enhancing its engagement in the Western Hemisphere and working alongside countries like The Bahamas to achieve these goals.”

The statement said The Bahamas was the delegation’s first stop of five countries to be visited by OPIC. Those other four countries are Jamaica, Haiti, the Dominican Republic and St. Lucia.

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

“At a meeting with Caribbean leaders to discuss trade, energy investment and security concerns, President Trump in March reaffirmed the United States’ commitment to working with its partners in the region to foster economic growth, counter predatory investment practices and strengthen security cooperation.”

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
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