EDFI Chairman, Nanno Kleiterp, and Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, Executive Vice President David Bohigian today signed a Memorandum of Understanding (MOU) highlighting each institution’s commitment to catalysing private financing and investment for sustainable development in emerging markets.
“This commitment provides the European development finance institutions and OPIC with the framework to enhance mutual cooperation and collaborate to support investments that contribute to sustainable development in developing countries,” Nanno Kleiterp commented.
“By furthering coordination, we’re bolstering support for more opportunities in emerging markets. And, by working together on projects that meet mutual policy objectives and criteria, we’re promoting democratic values, self-sustaining societies, and reinforcing best practices,” David Bohigian added.
You can read the full MoU here.
Picture credit: DEG / Luzie Politt