Over its 40+ year history, OPIC has demonstrated its ability to respond to market
demands that the private sector has been unable to support entirely on its own.
Political risk insurance, extended loan maturities, private equity funds, and creative
financing structures such as non-bank financial intermediaries and microfinance
institutions show OPIC’s leading and adaptive approach to mobilizing private investment
in developing markets.
In recent years, OPIC has experienced increased demand for financing from managers of investment vehicles that, due
to their smaller size and/or specialist strategies, were often unsuccessful in OPIC’s mainstream calls for fund
proposals. Similarly, because these strategies were structured as pooled investment vehicles, they were ineligible for
the direct lending product offered by the Agency’s Small and Medium Enterprise Finance department.
To respond to this demand, OPIC launched the Innovative Financial Intermediaries Program (IFIP) in
November 2013. IFIP is a $500 million pilot program to support smaller-scale financial intermediaries/vehicles
investing in enterprises in OPIC-eligible countries, with a specific focus on impact and innovation. IFIP has
enabled OPIC to pilot a new process to consider these unique, smaller structures and respond more effectively to them
while leveraging the expertise and best practices within the Agency’s Finance and Investment Funds departments.
As with all OPIC projects, investments made through this program will be required to comply
with OPIC’s U.S. investment eligibility requirements, as well as
its environmental, social, worker rights, and U.S. effects standards and criteria.
The chart below provides key information on eligible structures for IFIP; however, OPIC strongly recommends that
potential applicants use the IFIP Eligibility Self-Screener to
determine if their proposed vehicle meets the minimum requirements for application to IFIP.