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OPIC CEO Ray Washburne Discusses BUILD Act At Devex World Conference

Devex: Q&A: OPIC’s Ray Washburne on the proposed U.S. development finance institution
“As the BUILD Act makes its way through the legislative process, concerns remain about exactly how the proposed United States development finance institution would work with the U.S. Agency for International development, what its social and environmental standards would be, and how its mandate will be interpreted. … If passed, the landmark legislation would create a new agency combining the Overseas Private Investment Corporation and USAID’s Development Credit Authority, as well as expand U.S. development finance capabilities. … On Tuesday, at Devex World in Washington, D.C., Devex sat down with Ray Washburne, OPIC’s chief executive officer, to discuss his first nine months on the job and the issue of USAID linkages, as well as some of the other concerns that are being raised as the U.S. Senate Committee on Foreign Relations prepares to markup the bill…” (Saldinger, 6/14).