Will Congress Soon Deal Cronyism a Major Blow?

The government should let the charter of the Overseas Private Investment Corporation (OPIC) expire because it “harms poor people all over the world” and enriches the “politically connected,” according to a new report from the Competitive Enterprise Institute (CEI). The paper argues that the OPIC is “institutionally ill-suited” to its mission of stimulating growth in developing countries and helping U.S. businesses abroad. Founded in 1971, OPIC provides companies with loans, loan Read more […]