U.S. Overseas Private Investment Corporation (OPIC)

Policy DCAccountability Counsel works to improve the policies and practices of the U.S. Overseas Private Investment Corporation’s (OPIC) accountability mechanism, the Office of Accountability (OA).

Mexico & Liberia Case Campaigns

We have brought two cases to the OPIC OA, one from Mexico and the other from Liberia.  Both cases resulted in positive outcomes, but demonstrated weaknesses in the OA process that led to our follow on policy advocacy.

Policy Advocacy

Our policy advocacy has resulted in congressional action to improve OPIC’s OA and a mandate that the OA hire a new Director.  The previous director of the OA left his role at OPIC on September 30, 2014. On  February 22, 2016, after a year and a half without having a staffed OA, OPIC finally announced Dr. William Kennedy as the new Director for the agency’s Office of Accountability.

Scorecard Cover ImageOn January 19, 2016, we released a Scoring OPIC One Year On, a report criticizing OPIC’s implementation of the recommendations of OPIC’s own Office of Accountability (“OA”), made following the OA’s review of OPIC’s disastrous biofuel project in Liberia.  The report scores OPIC’s performance against a number of criteria, with OPIC achieving a score of only 35 out of a possible 170 points.

The findings in our Scorecard report are consistent with recent USAID Inspector General and Governmental Accountability Office (GAO) Reports.

We are also engaged in the 2015-2016 review of OPIC’s Environmental and Social Policy Statement (ESPS). Based on our experiences with the failed Buchanan Renewables project in Liberia, Accountability Counsel took the lead on a joint submission that we sent to OPIC with our partners on March 28, 2016. In addition, on February 12, 2016, we signed on to a joint statement for the ESPS review. We also participated in the December 9, 2015 and April 11, 2016 consultations about the review process.

To learn more about our recent and past work on the OPIC OA, please visit the tabs to your left.

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