David Bohigian, Acting President and Chief Executive Officer of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today visited the Bahamas, where he met with Prime Minister Hubert Minnis to promote U.S. investment and discuss enhanced security cooperation in the Bahamas and across the Caribbean.
Earlier in his visit, Bohigian met with local business leaders to explore investment opportunities and highlight priority sectors for OPIC in the region. He also met with the Bahamian Minister of Public Works and the Chair of Bahamas Power & Light to discuss shared commitments to advancing the region’s energy security.
“By partnering with our allies in the region, we can foster greater economic development, stability, and security in the Caribbean and beyond,” said Bohigian. “OPIC is committed to enhancing its engagement in the Western Hemisphere and working alongside countries like the Bahamas to achieve these goals.”
Bohigian is leading a high-level OPIC delegation to the Caribbean to explore investment opportunities in energy and other critical sectors, and strengthen relationships with countries who are key partners in fostering stability and security in the Western Hemisphere. The Bahamas is the first stop on a five-country tour of the region that will continue to Jamaica, Haiti, the Dominican Republic, and St. Lucia.
OPIC’s current portfolio in the Caribbean includes more than $250 million invested across projects ranging from small business lending, power generation, agriculture, and low-income mortgage lending.
At a meeting with Caribbean leaders to discuss trade, energy investment, and security concerns, President Trump in March reaffirmed the United States’ commitment to working with its partners in the region to foster economic growth, counter predatory investment practices, and strengthen security cooperation.