Overseas Private Investment Corporation; Title II of H.R. 11792, Foreign Assistance Act of 1969: Hearings, Ninety-first Congress, First SessionU.S. Government Printing Office, 1969 - 218 pages Considers title 2 of H.R. 11792, to establish the government Overseas Private Investment Corp. for promotion of private investment and development in Third World nations. |
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$20 million abroad administration agency AID program authority balance of payments Bank basic believe bill board of directors Chairman Colombia committee Congress Congressman convertible debentures CULVER DENNISON DIETZ Direct Investment economic development eligible investor exports FARBSTEIN financing foreign aid Foreign Assistance Act foreign economic policy funds going GRUNWALD guarantee HAYNES host countries HUNT industrial institution interests International Finance Corporation joint ventures Latin America LDC's legislation less developed countries loans MEAGHER ment MORSE objectives Office of Private operation OPIC OPIC's organization Overseas Private Investment participation percent political President private capital private enterprise private foreign investment Private Investment Corporation Private Resources private sector problems profit proposed question reserve responsibility risk ROBERT N. C. NIX SALZMAN section 324 specific staff statement subcommittee Thank tion TUNNEY U.S. business U.S. company U.S. Government U.S. investors United vate
Popular passages
Page 72 - ... the US Chamber of Commerce, the National Association of Manufacturers, and the National Industrial Conference Board.
Page 130 - ... of less developed friendly countries and areas, thereby complementing the development assistance objectives of the United States, there is hereby created the Overseas Private Investment Corporation (hereinafter called the "Corporation"), which shall be an agency of the United States under the policy guidance of the Secretary of State.
Page 130 - To mobilize and facilitate the participation of United States private capital and skills in the economic and social progress of less developed friendly countries and areas, thereby complementing the development assistance objectives of the United States...
Page 215 - Members of the Council shall receive no compensation for their services but shall be entitled to reimbursement in accordance with section 5703 of title 5...
Page 214 - Corporation activities; to require bonds of officers, employees, and agents and pay the premiums therefor; notwithstanding any other provision of law, to represent itself or to contract for representation in all legal and arbitral proceedings; to purchase, discount, rediscount, sell, and negotiate, with or without its endorsement or guaranty, and guarantee notes, participation certificates, and other evidence of indebtedness (provided that the Corporation shall...
Page 153 - Until such transfer, the agency heretofore responsible for such predecessor programs shall continue to administer such assets and obligations, and such programs and activities authorized under this title as may be determined by the President. (c) The Corporation shall be subject to the applicable provisions of the Government Corporation Control Act, except as otherwise provided in this title.
Page 120 - ... and knowledge of special character, since no general college course is adequate ; second, preparation in a broad college course into which is to be woven special training — a good consul, however, must have something more than a special education and training; third, a consul must always have the ability to speak the language of the country to which he is sent; fourth, good manners and good social standing; and fifth, to sum up, in addition to a liberal education, a highly specialized knowledge...
Page 207 - ... shall be paid first out of the Insurance Reserve, as long as such reserve remains available, and thereafter out of funds made available pursuant to subsection (f) of this section.
Page 198 - Organization and Management. — (a) STRUCTURE OF THE CORPORATION.— The Corporation shall have a Board of Directors, a President, an Executive Vice President, and such other officers and staff as the Board of Directors may determine. (b) BOARD OF DIRECTORS.— All powers of the Corporation shall vest in and be exercised by or under the authority of its Board of Directors ("the Board...
Page 190 - We, the undersigned, desiring in association with others to promote the economic development of various parts of the world, to increase the production and availability of goods, things and services useful to the lives or livelihood of their peoples, and thus to better their standards of living, and believing that these aims can be furthered through a corporation dedicated to their fulfillment and employing scientific and modern methods and techniques...