Financial Statements of Overseas Private Investment Corporation for FY 1980 and 1979

ID-81-45: Published: Apr 15, 1981. Publicly Released: Apr 15, 1981.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO examined the balance sheets of the Overseas Private Investment Corporation (OPIC) as of September 30, 1980 and 1979, related statements of income, changes in capital and reserves, and changes in financial position for the years then ended.

An insurance and guaranty reserve for the respective discharge of liabilities under the insurance and guaranty contracts of OPIC totalled $576 million. If claim settlements exceed available resources, Congress would have to appropriate funds to fulfill a U.S. pledge for the full payment and performace of the insurance and guaranty liabilities of OPIC. In the opinion of GAO, the financial statements present fairly the financial position of OPIC as of September 30, 1980 and 1979, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year.

Sep 20, 2016

Sep 6, 2016

Aug 19, 2016

Aug 12, 2016

Jul 29, 2016

Jul 28, 2016

Jul 13, 2016

Jul 11, 2016

Jun 13, 2016

Looking for more? Browse all our products here