On May 16 and 17, OPICís (Overseas Private
Investment Corporation) Small Business Center Manager, Mr.
Juan Carlos Rivera-Montes visited Montevideo on a fact-finding
mission, and to present OPICís finance and insurance programs
to the local business community.
OPICís core mission is to support economic
development by promoting U.S. private investment in developing
countries and transition economies. In support of that mission,
OPIC evaluates all projects it may support for their contribution
to development in 25 areas, and measures the organization's
performance on the basis of the contribution of projects
OPIC supports to development.
OPIC has recently undertaken several initiatives
to increase its support for U.S. small businesses in their
efforts to invest in emerging markets overseas. The new
Small and Medium Enterprise Department and OPIC's Small
Business Center (SBC) were established specifically to address
the needs of small and medium-sized American companies in
order to ease their entry into new markets.
During his visit to Montevideo, Mr. Rivera
Montes held private meetings with several prominent local
companies that wish to increase their presence in the United
States, gave a 90-minute long workshop to an audience of
bankers and businesspeople, and met with Uruguayan Government
officials that could take advantage of OPICs programs to
fulfill their infrastructure and/or development needs.