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BOEHLER TO TRAVEL TO COLOMBIA
WASHINGTON � Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), will travel to Cartagena, Colombia December 5 � 6 to explore investment opportunities and strengthen regional relationships in support of shared development goals in Colombia and across Latin America and the Caribbean.
Boehler will attend the U.S.-Colombia Business Summit in Cartagena, where he will underscore DFC's commitment to Colombia as well as the agency's enhanced flexibility to invest in Latin America. He will also meet with regional business leaders to discuss opportunities to collaborate on priorities such as infrastructure development and women's economic empowerment. Additionally, Boehler will meet with high-ranking government officials to enhance cooperation in support of regional development, prosperity, and stability.
DFC is a new U.S. Government agency that combines and modernizes the Overseas Private Investment Corporation (OPIC) and USAID's Development Credit Authority (DCA). With a more than doubled investment cap of $60 billion and new financial tools, DFC is equipped to more effectively mobilize private sector capital to priority regions such as Latin America. The agency continues to work with Congress to fund DFC through the appropriations process in order to exercise its new investment and development tools.
OPIC currently has more than $1 billion invested in Colombia in sectors ranging from critical infrastructure to financial services, technology, and housing. In September, the agency signed letters of intent alongside the Inter-American Development Bank (IDB) to support two Colombian investment funds focused on reaching and empowering the region's women.
Source: OPIC