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 fund managers and investors for
pooled capital vehicles, which contain elements typical of both the Agency’s traditional direct finance and
investment funds products, but do not fit squarely within either process.
To respond to this demand, OPIC launched the Innovative Financial Intermediaries Program (IFIP) in November 2013.
IFIP is a two-year, $500 million pilot program which aims to facilitate capital flow to developing economies,
with a focus on pooled investment vehicles. The program provides support to financial intermediaries who will invest in enterprises
in OPIC-eligible countries, with investment vehicles that are smaller in size than those typically found in a
traditional OPIC private equity financing, or where the investment vehicle is deploying capital using debt or a
combination of both debt and equity.
The IFIP pilot has enabled OPIC to establish a new process to consider these different structures and respond more
effectively to them, while leveraging the expertise and best practices within the Agency’s finance and investment
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.