BUILD Act & Gatchev Re-Appointed to Commerce Committee

December 2018

Delphos congratulates OPIC on signing of the BUILD Act

Delphos International congratulates the Overseas Private Investment Corporation (“OPIC”) on the BUILD Act of 2018, which was signed by U.S. President Donald Trump in October. The BUILD Act creates a new era in U.S. development finance by modernizing OPIC into a new federal agency with expanded financial resources and capabilities. The new U.S. International Development Finance Corporation (“USDFC”) is anticipated to come online by October 1, 2019.  Read more about the BUILD Act here.
 
Delphos International has been a long-time partner of OPIC’s, having assisted OPIC borrowers and also the agency directly. In total, Delphos International has worked on more than 40 successful OPIC transactions representing commitments of nearly $3 billion. Founder and Managing Director Bill Delphos on the passage of the BUILD Act: “The USDFC can be a game changer for companies investing in emerging markets given the doubling of the previous investment cap, the addition of equity and local currency products, and  U.S. nexus preference.”
 

Managing Director Slav Gatchev re-appointed to key Commerce Committee

Delphos International Managing Director Slav Gatchev was reappointed to serve on USDOC’s Renewable Energy and Energy Efficiency Advisory Committee (“REEEAC”), and was also selected to chair the Finance Subcommittee. REEEAC is composed of senior private sector representatives that advise the Secretary of Commerce on the development of programs and policies to expand the export competitiveness of U.S. companies, including through improved access to export finance.  Renewable energy has been the firm’s focus sector, having arranged financing in excess of $2 billion for transactions in Latin America, Africa, and Asia for leading sponsors. 

If you would like to discuss opportunities related to the new USDFC or otherwise, please contact Andrew Brown in Washington, DC:
abrown@delphosinternational.com