September 30, 2020

INSURANCE CLAIMS EXPERIENCE TO DATE:

DFC AND ITS PREDECESSOR AGENCIES

The United States International Development Finance Corporation (DFC) provides 

political risk insurance and project financing in support of eligible private-sector

investments in developing nations, and countries in transition from nonmarket to market 

economies. DFC, the successor in interest to the Overseas Private Investment Corporation 

(OPIC) under the terms of the Better Utilization of Investments Leading to Development 

Act of 2018, started operations as of December 20, 2019, upon enactment of the Further 

Consolidated Appropriations Act, 2020 (Public Law 116-94). As noted in greater detail, 

below, OPIC programs were administered by the Agency for International Development 

(USAID) before OPIC initiated operations in 1971.

Since 1971, DFC’s predecessor agencies have made 303 insurance claim 

settlements totaling $998.2 million. These settlements have been structured either as cash 

settlements to investors ($642.1 million) or as OPIC guaranties of host government 

obligations or other similar arrangements ($356 million). In accordance with those 

arrangements, DFC’s predecessor agencies have paid $130 million in addition to the cash 

settlements described above for a total of $772.1 million in cash payments to date. 

DFC cash recoveries on claims total $782.1 million (without regard to reinsurance 

reimbursements). Additional recoveries in the form of OPIC guaranteed obligations 

($226.1 million) bring DFC’s total recoveries to $1.008 billion, or 101% (includes interest) 

of all claim settlements. Additional recoveries are anticipated.

From 1966 to 1970, USAID paid $3.5 million to settle eight claims. In addition, 

USAID denied eight claims, one of which was submitted to arbitration by the investor. 
OPIC denied thirty claims under the insurance program, of which fifteen have been 

submitted to arbitration by the investors. As of September 30, 2020, there were two

pending claims under review by DFC.

For additional information about DFC insurance claims, you may contact Susan 

Fribush, Paralegal Specialist, by telephone at 202-336-8437, or by email at 

Susan.Fribush@dfc.gov.
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

FY66

Foster Wheeler Turkey A Steel $183,847 $183,847 $0

Rheem Mfg. Co. Philippines A Metal $22,000 $22,000 $0

TOTAL $205,847 $205,847 $0

FY67

Pluswood Ind. Zaire A Lumber $90,344 $90,344 $0

Chase Manhattan Bank Dominican Republic C Banking $26,340 $26,340 $0

First Nat'l Bank Dominican Republic C Banking $11,563 $11,563 $0

TOTAL $128,247 $128,247 $0

FY68

Valentine Pet. Haiti B Refining $327,304 $327,304 $0

TOTAL $327,304 $327,304 $0

FY69

Indian Hd. Mills Nigeria B Textiles $2,700,000 $2,700,000 $0

Crow Cons. Co. Jordan C Const. $139,898 $139,898 $0

TOTAL $2,839,898 $2,839,898 $0

FY71

Chase Manhattan Bank Vietnam A Banking $319,576 $319,576 $0

Bank of America Vietnam A Banking $25,654 $25,654 $0

TOTAL $345,230 $345,230 $0

FY72

Ford Motor Co. Chile A Auto $910,885 $910,885 $0

West Hem. Dominican Republic C Auto $13,000 $13,000 $0

Bethlehem Steel 1/ Chile B Extractive $17,365,721 $3,076,820 $17,365,721

Ralston Purina Chile B Feed $614,475 $614,475 $0

Vinnell Corp. Bangladesh C Const. $413,662 $413,662 $0

Parsons&Whittemore Chile B Mill $3,259,367 $0 $3,259,367

Hercules Inc. Pakistan C Fertilizer $18,353 $18,353 $0

TOTAL $22,595,463 $5,047,195 $20,625,088

FY73

Braden Copper/Kennecott 1/ Chile B Extractive $66,908,494 $38,709,753 $66,908,494

Bank of America Vietnam A Banking $54,847 $54,847 $0

First Pa. Overseas Philippines A Banking $16,371 $16,371 $0

Engelhard Min & U.S. Steel Bolivia B Extractive $8,000,000 $0 $8,000,000

Walsh Cons. Co. Sudan B Const. $222,351 $222,351 $0

N. Ind. Brass Co. Chile B Brass Fit. $110,000 $110,000 $0

Int'l Chem. Fiber Chile A Polyesters $29,494 $29,494 $0

F. Nat'l Ct. Bank Chile B Banking $66,503 $66,503 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

Ralston Purina Chile B Feed $212,000 $212,000 $0

Gen. Sig. Co. Argentina A Sig. Dev. $10,218 $10,218 $0

Bank of America Vietnam A Banking $325,323 $325,323 $0

Int'l Chem. Fiber Chile A Polyesters $10,059 $10,059 $0

Socomet, Inc. Chile A Molybdenum $71,445 $71,445 $0

TOTAL $76,037,105 $39,838,364 $74,908,494

FY74

Bank of America Vietnam A Banking $31,947 $31,947 $0

Chase Manhattan Bank Vietnam A Banking $26,316 $26,316 $0

Anaconda Chile B Extractive $13,640,000 $13,640,000 $0

Johns-Man. Corp. Chile A Asbestos $5,805 $5,805 $0

Fearn Foods Somalia B Fishing $327,123 $327,123 $0

Cabot Corp. Argentina A C. Black $1,000,000 $1,000,000 $0

GMAC Dominican Republic A Auto $46,517 $46,517 $0

Cerro Corp. Chile B Extractive $12,070,850 $0 $12,070,850

Bank of America Vietnam A Banking $70,751 $70,751 $0

Bank of America Chile A Banking $463,207 $463,207 $0

Bank of America Chile A Banking $2,633,876 $2,633,876 $0

TOTAL $30,316,392 $18,245,542 $12,070,850

FY75

Ensign Bickford Chile A Detonating $19,800 $19,800 $0

Bank of America Chile B Banking $3,010,272 $3,010,272 $0

Georgia-Pacific Ecuador B Veneer $100,000 $100,000 $0

Socomet, Inc. Chile A Molybdenum $17,616 $17,616 $0

Int'l Chem. Fiber Chile B Polyesters $103,000 $103,000 $0

Int'l Chem. Fiber Chile C Polyesters $25,508 $25,508 $0

ITT Corp. Chile B Telephone $94,091,531 $34,706,917 $59,384,614

Reynolds 1/ Guyana B Extractive $10,000,000 $4,563,750 $10,000,000

Bank of America Vietnam A Banking $67,124 $67,124 $0

TOTAL $107,434,851 $42,613,987 $69,384,614

FY76

Vinnell Corp. Bangladesh C Const. $12,500 $12,500 $0

Wm. Atwell Kenya A Tea $55,917 $55,917 $0

Caltex S. Rhodesia A Petro. $60,620 $60,620 $0

TOTAL $129,037 $129,037 $0

FY77

McNally Pittsb. India A Coal $58,076 $58,076 $0

Belbagco Bangladesh B Jute $473,000 $473,000 $0

Belbagco Bangladesh C Jute $387,000 $387,000 $0

Caltex Vietnam B Petro. $7,600 $7,600 $0

Int'l Dairy Vietnam B Food Proc. $978,437 $978,437 $0

Celanese Peru A Fibers $452,387 $452,387 $0

Cabot Corp. Colombia A C. Black $326,346 $326,346 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

Anaconda Chile B Extractive $95,092,138 $47,504,034 $47,588,104

Const. Aggregates 2/ Dominica B Const. $139,432 $139,432 $0

TOTAL $97,914,416 $50,326,312 $47,588,104

FY78

Bank of America/Petrodow II Chile A Banking $868,642 $0 $868,642

Bank of America /Arauco III Chile A Banking $4,397,727 $0 $4,397,727

Chase Int'l Invest. Corp. Zaire A Textiles $219,038 $219,038 $0

Union Carbide Ghana A Batteries $250,673 $250,673 $0

Cabot Corp. Colombia A C. Black $215,558 $215,558 $0

Singer Co. Vietnam B Sewing Mach. $15,719 $15,719 $0

Chase Manhattan Bank 1/ 3/ Vietnam B Banking $8,000,000 $806,883 $0

TOTAL $13,967,357 $1,507,871 $5,266,369

FY79

Chase Int'l Invest. Corp. Zaire A Textiles $272,988 $272,988 $0

Union Carbide Ghana A Batteries $143,798 $143,798 $0

Freeport Minerals Indonesia C Mining $123,871 $123,871 $0

American Home Products Turkey A Pharm. $85,999 $85,999 $0

Compania Minera Peru A Mining $257,478 $257,478 $0

Firestone Tire & Rubber Ghana A Tires $869,275 $869,275 $0

Firestone Tire & Rubber Ghana A Tires $833,214 $833,214 $0

Agricola Metals Chad B Gum Arabic $67,500 $67,500 $0

Goodyear Tire & Rubber Zaire A Tires $3,124,443 $3,124,443 $0

Goodyear Tire & Rubber Zaire A Tires $928,723 $928,723 $0

Citibank Zaire A Banking $500,000 $500,000 $0

TOTALS $7,207,289 $7,207,289 $0

FY80

Goodyear Tire & Rubber Zaire A Tires $118,486 $118,486 $0

Goodyear Tire & Rubber Zaire A Tires $57,750 $57,750 $0

American Standard Nicaragua A Vitreous Ware $83,160 $83,160 $0

Union Carbide Ghana A Batteries $143,944 $143,944 $0

General Mills Nicaragua A Flour $108,522 $108,522 $0

Goodyear Tire & Rubber Zaire A Tires $28,875 $28,875 $0

Goodyear Tire & Rubber Zaire A Tires $91,544 $91,544 $0

Chase Int'l Invest. Corp. Zaire A Textiles $135,550 $135,550 $0

Union Carbide Sudan A Batteries $377,845 $377,845 $0

Union Carbide Sudan A Batteries $1,022,155 $1,022,155 $0

Goodyear Tire & Rubber Zaire A Tires $1,354,207 $1,354,207 $0

Carnation Int'l Dominican Republic A Dairy $953,464 $953,464 $0

Transworld Agricultural Iran B Farming $15,164 $15,164 $0

Union Carbide Sudan A Batteries $500,000 $500,000 $0

Citizens Std. Life Insur. Nicaragua A Insurance $69,300 $69,300 $0

Firestone Tire & Rubber Ghana A Tires $344,285 $344,285 $0

Sears, Roebuck & Co. Nicaragua C Retail $247,115 $247,115 $0

General Mills Nicaragua A Flour $276,150 $276,150 $0

Firestone Tire & Rubber Ghana A Tires $1,080,457 $1,080,457 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

Morton-Norwich Ecuador A Salt $71,305 $71,305 $0

General Mills Nicaragua C Flour $16,775 $16,775 $0

Revere Copper & Brass Jamaica B Bauxite $1,313,979 $1,313,979 $0

Foremost McKesson Iran B Dairy $270,724 $270,724 $0

Continental Milling Zaire A Flour $2,300,000 $2,300,000 $0

Continental Milling Zaire A Flour $316,000 $316,000 $0

Firestone Tire & Rubber Ghana A Tires $1,079,568 $1,079,568 $0

Citizens Std. Life Insur. Nicaragua A Insurance $37,977 $37,977 $0

Crocker Int'l Invest. Corp. Zaire A Banking $31,756 $31,756 $0

Goodyear Tire & Rubber Zaire A Tires $87,020 $87,020 $0

Gillette Corp. Iran A Razors $478,996 $478,996 $0

TOTAL $13,012,073 $13,012,073 $0

FY81

Firestone Tire & Rubber Ghana A Tires $330,455 $330,455 $0

Warner Lambert Dominican Republic A Pharm. $194,000 $194,000 $0

Carnation Int'l Dominican Republic A Dairy $347,566 $347,566 $0

Ralston Purina Nicaragua C Feed $12,066 $12,066 $0

Citizens Std. Life Insur. Nicaragua A Insurance $74,110 $74,110 $0

Goodyear Tire & Rubber Zaire A Tires $233,678 $233,678 $0

Cabot Corp. Iran B C. Black $2,584,986 $2,584,986 $0

Chase Int'l Invest. Corp. Zaire A Textiles $130,722 $130,722 $0

Goodyear Tire & Rubber Zaire A Tires $1,158,054 $1,158,054 $0

General Mills Nicaragua A Flour $35,491 $35,491 $0

Kimberly Clark El Salvador A Paper $348,301 $348,301 $0

Citizens Std. Life Insur. Nicaragua A Insurance $44,882 $44,882 $0

Goodyear Tire & Rubber Zaire A Tires $242,608 $242,608 $0

Firestone Tire & Rubber Ghana A Tires $229,607 $229,607 $0

Phelps Dodge Corp. Iran B Wire $2,012,000 $2,012,000 $0

General Mills Nicaragua A Flour $35,491 $35,491 $0

Goodyear Tire & Rubber Zaire A Tires $987,741 $987,741 $0

Crocker Int'l Invest. Corp. Zaire A Banking $10,703 $10,703 $0

Goodyear Tire & Rubber Zaire A Tires $67,941 $67,941 $0

Foremost McKesson Iran B Dairy $3,722,291 $3,722,291 $0

Firestone Tire & Rubber Ghana A Tires $7,116,636 $7,116,636 $0

Dresser Industries Iran B Const. $896,152 $896,152 $0

Firestone Tire & Rubber Ghana A Tires $172,690 $172,690 $0

TOTAL $20,988,171 $20,988,171 $0

FY82

Union Carbide Ghana A Batteries $75,600 $75,600 $0

Gillette Corp. Iran B Razors $164,853 $164,853 $0

Union Carbide Sudan A Batteries $1,403,267 $1,403,267 $0

Morrison-Knudsen 2/ Benin B Const. $3,978,692 $3,978,692 $0

Intercontinental Hotels Iran B Hotels $1,754,832 $1,754,832 $0

Carrier Corp. Iran B Air Cond. $2,395,000 $2,395,000 $0

CPC Europe Group Iran B Glucose $236,000 $236,000 $0

Chase Int'l Invest. Corp. Zaire A Textiles $84,090 $84,090 $0

General Mills Nicaragua A Grain $44,346 $44,346 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

Foremost McKesson Iran B Dairy $15,000 $15,000 $0

Kimberly Clark El Salvador A Paper $417,949 $417,949 $0

Equator Bank Sudan A Banking $2,157,902 $2,157,902 $0

Equator Bank Sudan A Banking $1,061,553 $1,061,553 $0

Phelps Dodge Corp. El Salvador A Wire $393,612 $393,612 $0

Union Carbide Ghana A Batteries $109,000 $109,000 $0

TOTAL $14,291,696 $14,291,696 $0

FY83

Otis Elevator Iran B Elevators $460,305 $460,305 $0

Firestone Tire & Rubber Ghana A Rubber $406,890 $406,890 $0

Kimberly Clark El Salvador A Paper $582,051 $582,051 $0

American Standard Nicaragua C Ceramics $84,842 $84,842 $0

American Can Dominican Republic A Containers $1,064,452 $1,064,452 $0

Firestone Tire & Rubber Ghana A Tires $112,472 $112,472 $0

Gillette Corp. Iran B Razors $48,421 $48,421 $0

Cabot Corp. Argentina A C. Black $792,000 $792,000 $0

Citizens Std. Life Insur. Nicaragua A Insurance $138,370 $138,370 $0

Equator Bank Sudan A Banking $969,341 $969,341 $0

Chase Int'l Invest. Corp. Zaire A Textiles $102,141 $102,141 $0

Kimberly Clark El Salvador A Paper $696,602 $696,602 $0

Citizens Std. Life Insur. Nicaragua A Insurance $39,185 $39,185 $0

Firestone Tire & Rubber Ghana A Tires $123,319 $123,319 $0

Union Carbide Sudan A Batteries $196,732 $196,732 $0

Union Carbide Ghana A Batteries $1,045 $1,045 $0

Equator Bank Sudan A Banking $871,841 $871,841 $0

TOTAL $6,690,009 $6,690,009 $0

FY84

Chase Manhattan Bank Guyana A Banking $650,000 $650,000 $0

Kimberly Clark El Salvador A Paper $803,377 $803,377 $0

Armco Philippines A Steel $297,000 $297,000 $0

Philippine Geothermal Philippines A Energy $3,960,000 $3,960,000 $0

Chase Int'l Invest. Corp. Zaire A Textiles $21,168 $21,168 $0

Bank of America Bolivia A Banking $56,938 $56,938 $0

General Foods Philippines A Grain $517,606 $517,606 $0

Armco Philippines A Steel $345,257 $345,257 $0

Kimberly Clark Philippines A Paper $178,200 $178,200 $0

Equator Bank Sudan A Banking $2,643,109 $2,643,109 $0

Armco Philippines A Steel $181,972 $181,972 $0

Bank of America 1/ 3/ Vietnam B Banking $6,000,000 $629,618 $0

Armco Philippines A Steel $296,957 $296,957 $0

Firestone Tire & Rubber Ghana A Tires $316,150 $316,150 $0

Citizens Std. Life Insur. Nicaragua A Insurance $86,319 $86,319 $0

Gulf & Western Dominican Republic A Sugar $11,258,364 $11,258,364 $0

Armco Philippines A Steel $124,709 $124,709 $0

Firestone Tire & Rubber Ghana A Tires $518,810 $518,810 $0

Kimberly Clark Philippines A Paper $163,214 $163,214 $0

Equator Bank Sudan A Banking $2,685,559 $2,685,559 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

Universal Foods Philippines A Baking $19,852 $19,852 $0

Universal Foods Philippines A Baking $12,716 $12,716 $0

TOTAL $31,137,277 $25,766,895 $0

FY85

Citibank Dominican Republic A Banking $1,844,981 $1,844,981 $0

General Foods Philippines A Grain $183,115 $183,115 $0

Kimberly Clark El Salvador A Paper $1,344,362 $1,344,362 $0

Chase Manhattan Bank Dominican Republic A Banking $1,043,495 $1,043,495 $0

Seaboard Guyana A Mill $1,242,564 $1,242,564 $0

Morgan Guaranty Philippines A Banking $363,598 $363,598 $0

Armco Philippines A Steel $112,640 $112,640 $0

Armco Philippines A Steel $297,000 $297,000 $0

Bank of America Dominican Republic A Banking $1,680,000 $1,680,000 $0

Kimberly Clark Philippines A Paper $100,265 $100,265 $0

Philip Morris Dominican Republic A Tobacco $498,000 $498,000 $0

Atitlan Guatemala A Pipes $198,180 $198,180 $0

Equator Bank Sudan A Banking $2,545,540 $2,545,540 $0

Bank of America Dominican Republic A Banking $1,000,000 $1,000,000 $0

Kimberly Clark Philippines A Paper $178,200 $178,200 $0

Kimberly Clark Philippines A Paper $343,888 $343,888 $0

Atitlan Guatemala A Pipes $159,748 $159,748 $0

Kimberly Clark Philippines A Paper $82,253 $82,253 $0

General Foods Philippines A Grain $163,858 $163,858 $0

Equator Bank Sudan A Banking $2,339,791 $2,339,791 $0

Seaboard Sierra Leone A Mill $645,581 $645,581 $0

Atitlan Guatemala A Pipes $452,072 $452,072 $0

TOTAL $16,819,131 $16,819,131 $0

FY86

Equator Bank Sudan A Banking $1,398,060 $1,398,060 $0

Kimberly Clark Philippines A Paper $356,400 $356,400 $0

Kimberly Clark El Salvador A Paper $769,518 $769,518 $0

Kimberly Clark Philippines A Paper $138,356 $138,356 $0

Phelps Dodge Corp. El Salvador A Wire $136,558 $136,558 $0

Bernard Sal. 4/ St. Kitts B Fishing $180,000 $180,000 $0

Seaboard Sierra Leone A Mill $207,584 $207,584 $0

Kimberly Clark Philippines A Paper $178,200 $178,200 $0

Kimberly Clark Philippines A Paper $117,285 $117,285 $0

Seaboard Sierra Leone A Mill $42,416 $42,416 $0

TOTAL $3,524,377 $3,524,377 $0

FY87

Freeport McMoran Indonesia F Mining $201,128 $201,128 $0

Kimberly Clark Philippines A Paper $104,291 $104,291 $0

Kimberly Clark Philippines A Paper $178,200 $178,200 $0

Standard Fruit 7/ Nicaragua B Agriculture $2,000,000 $2,000,000 $0

Gillette Corp. Iran B Razors $920,700 $920,700 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

Caribe Crown Haiti F Farming $24,210 $24,210 $0

TOTAL $3,428,529 $3,428,529 $0

FY88

Philippine Geothermal Philippines C Energy $1,321,467 $1,321,467 $0

Seaboard Guyana A Mill $980,854 $980,854 $0

TOTAL $2,302,321 $2,302,321 $0

FY89

Phelps Dodge Corp. Honduras A Wire $326,561 $326,561 $0

Ralph Mathieu 4/ Haiti B Farming $30,000 $30,000 $0

Philip Morris Dominican Republic A Tobacco $2,080,565 $2,080,565 $0

Hoyt & Worthen Haiti F Tanning $45,534 $45,534 $0

Phelps Dodge Corp. Honduras A Wire $357,209 $357,209 $0

TOTAL $2,839,869 $2,839,869 $0

FY90

Phelps Dodge Corp. Honduras A Wire $470,775 $470,775 $0

Citibank Dominican Republic A Banking $1,495,186 $1,495,186 $0

Kimberly Clark Honduras A Paper $300,960 $300,960 $0

Philip Morris Dominican Republic A Tobacco $1,640,331 $1,640,331 $0

Chase Manhattan Bank Dominican Republic A Banking $799,762 $799,762 $0

Chase Manhattan Bank Dominican Republic A Banking $799,762 $799,762 $0

TOTAL $5,506,776 $5,506,776 $0

FY91

Keene Industries Liberia F Rubber $2,429,352 $2,429,352 $0

Tea Importers Rwanda F Tea $6,169 $6,169 $0

Kimberly Clark Panama F Paper $55,911 $55,911 $0

Zachary & Dillingham 2/ Sri Lanka B Const. $30,000,000 $0 $30,000,000

TOTAL $32,491,432 $2,491,432 $30,000,000

FY92

Carter Day 4/ 5/ Egypt B Seed $43,750 $43,750 $0

Continental Grain Brazil A Grain $2,009,894 $2,009,894 $0

Henry R. Jahn 5/ Syria B Farming $20,371 $20,371 $0

Hoyt & Worthen Haiti F Tanning $155,897 $155,897

TOTAL $2,229,912 $2,229,912 $0

FY93

Haitian Tropical Haiti F Farming $434,110 $434,110 $0

Continental Grain Brazil A Grain $72,288 $72,288 $0

Keene Industries Liberia F Rubber $1,110,894 $1,110,894 $0

Keene Industries Liberia F Rubber $1,674,843 $1,674,843 $0

Schwartz/Jacobowitz Yugoslavia F Jewelry $155,644 $155,644 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

TOTAL $3,447,779 $3,447,779 $0

FY94

Agronom Zaire F Farming $185,885 $185,885 $0

Tea Importers Rwanda F Tea $53,966 $53,966 $0

Haitian Tropical Haiti F Farming $305,900 $305,900 $0

TOTAL $545,751 $545,751 $0

FY95

Charles Hoyt Haiti F Tanning $319,091 $319,091 $0

Tea Importers Rwanda F Tea $178,429 $178,429 $0

TOTAL $497,520 $497,520 $0

FY96

Andre Greenhouses Inc. Dominican Republic F Agriculture $21,000 $21,000 $0

Nord Resources Corp 6/ Sierra Leone F Mining $1,500,000 $1,500,000 $0

TOTAL $1,521,000 $1,521,000 $0

FY97

Tea Importers Rwanda F Tea $8,317 $8,317 $0

C & W Trading Company, Inc Rwanda F Tea $1,561 $1,561 $0

Alliant Techsystems Inc. Belarus B Services $5,900,000 $5,900,000 $0

TOTAL $5,909,879 $5,909,879 $0

FY98

African Holding Company Zaire F Manufacturing $3,950,000 $3,950,000 $0

Nord Resources Corp Sierra Leone F Mining $14,204,500 $14,204,500 $0

TOTAL $18,154,500 $18,154,500 $0

FY99

Joseph Companies Inc. Jamaica B Manufacturing $1,494,000 $1,494,000 $0

$17,700,000 $17,700,000 $0

TOTAL $19,194,000 $19,194,000 $0

FY00

MidAmerican Energy Holdings Indonesia B Power $217,500,000 $217,500,000 $0

F.C. Schaffer & Associates Ethiopia F Manufacturing $9,563 $9,563 $0

Citibank, N.A. Sudan B Banking $1,055,607 $1,055,607 $0

TOTAL $218,565,170 $218,565,170 $0

FY01

Citibank, N.A. Sudan B Banking $3,750,000 $3,750,000 $0

*

*Information has temporarily been redacted, including to protect the safety of implementing partners.
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

TOTAL $3,750,000 $3,750,000 $0

FY02

Sector Resources/Sector Capital Colombia F Mining $2,369,736 $2,369,736 $0

TOTAL $2,369,736 $2,369,736 $0

FY03

Sector Capital Corp. Colombia F Mining $170,979 $170,979 $0

Sector Capital Corp. Colombia F Mining $114,565 $114,610 $0

Sector Capital Corp. Colombia F Mining $114,419 $114,439 $0

Sector Capital Corp. Colombia F Mining $114,447 $114,447 $0

Bank of America India B Banking $28,139,505 $28,139,505 $0

TOTAL $28,653,915 $28,653,980 $0

FY04

Ben Dabhol Holdings Ltd. India B Power $31,744,922 $31,740,226 $0

GE Capital Project Finance India B Power $31,803,775 $31,808,471 $0

Sector Capital Corp. Colombia F Mining $114,426 $114,426 $0

Sector Capital Corp. Colombia F Mining $114,408 $114,408 $0

$29,857 $29,857 $0

Bank of America, NA 4/ 8/ Colombia B Power $7,600,000 $7,600,000 $0

Bechtel India Power Investment 4/ 9/ India B Power $9,995,000 $9,995,000 $0

GE EFS India Holdings 4/ 9/ India B Power $9,995,000 $9,995,000 $0

Offshore Power Production CV 4/ 9/ India B Power $400,000 $400,000 $0

Scientific Applications Int'l Corp Venezuela B Services $5,875,000 $5,875,000 $0

AES Corp. 4/ Colombia B Power $3,200,000 $3,200,000 $0

Sector Capital Corp. Colombia F Mining $36,923 $36,923 $0

TOTAL $100,909,311 $100,909,311 $0

FY05

Ponderosa Assets LP Argentina B Oil and Gas $50,000,000 $50,000,000 $0

Total $50,000,000 $50,000,000 $0

FY06

Western Wireless Int'l Corp. Haiti F Telecom $54,209 $54,209 $0

Team Technology Inc. Eritrea B Manufacturing $91,875 $91,875 $0

$19,970 $19,970 $0

Caterpillar Financial Serv. Corp. Venezuela A Transportation $2,644,989 $2,644,989 $0

Total $2,811,043 $2,811,043 $0

FY07

Sector Resources, Ltd. Colombia F Mining $75,548 $75,548 $0

Total $75,548 $75,548 $0

**Information has been redacted in accordance with the two principled exceptions of the Foreign Aid Transparency and Accountability Act 

(FATAA) of 2016; including the health and security of implementing partners, as well as national interest of the United States.

**

**
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

FY08

Uniworld Holdings, Ltd. Serbia B Services $1,980,000 $1,980,000 $0

Total $1,980,000 $1,980,000 $0

FY09

International Rescue Committee DRC F Services $36,232 $36,232 $0

$38,257 $38,257 $0

International Rescue Committee Chad F Services $130,680 $130,680 $0

$1,000 $1,000 $0

Total $206,169 $206,169 $0

FY10

0 Claims paid

FY11

Global Forestry Mgmt Group Russia B Construction $1,034,574 $1,034,574 $0

Total $1,034,574 $1,034,574 $0

FY 12

Seaboard Overseas Limited Zambia F Mill $38,027 $38,027 $0

Total $38,027 $38,027 $0

FY 13

American Int'l School of Bamako Mali F School $1,384,872 $1,384,872 $0

Caterpillar Financial Services Corp. Venezuela B Transportation $4,559,721 $4,559,721 $0

Total $5,944,593 $5,944,593 $0

FY 14

International Rescue Committee African Republic F Services $64,515 $64,515 $0

Total $64,515 $64,515 $0

F15

International Rescue Committee South Sudan F Services $106,188 $106,188 $0

International Rescue Committee Central African Repub. F Services $217,853 $217,853 $0

International Rescue Committee South Sudan F Services $38,556 $38,556 $0

Total $362,597 $362,597 $0

FY16

International Rescue Committee Yemen F Services $73,712 $73,712 $0

International Rescue Committee Central African Repub. F Services $76,943 $76,943 $0

$150,655 $150,655 $0

FY17

International Rescue Committee S. Sudan F Services $98,621 $98,621 $0

**Information has been redacted in accordance with the two principled exceptions of the Foreign Aid Transparency and Accountability Act 

(FATAA) of 2016; including the health and security of implementing partners, as well as national interest of the United States.

**

**
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY20

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

Total $98,621 $98,621 $0

FY18

0 claims paid

FY19

CHUBB Ghana B Reinsurance $20,659,639 $20,659,639 $0

Chemonics Azerbaijan B Services $18,195 $18,195 $0

Total $20,677,834 $20,677,834 $0

FY20

0 claims paid

GRAND TOTAL Grand Total $1,001,672,746 $775,616,115 $259,843,519

1/ For these claims, cash was subsequently paid under the guaranty or indemnity, hence there was no corresponding increase in the overall settlement amount.

2/ Claims for failure to adhere to dispute resolution procedure or honor arbitral award. 

3/ Claims for Chase Manhattan and Bank of America in Vietnam were settled not by guaranties but by indemnity agreements for $8,000,000 and $6,000,000, respectively.

5/ Claim for wrongful calling of an on-demand guaranty.

9/ These three payments were all in settlement of the claim of Offshore Power Production CV, an affiliate of Enron Corp.

8/ The settlement amount includes a provisional payment in the amount of $4,372,492 made on November 27, 2002, which was made final by the terms of the settlement.

7/ Standard Fruit filed its expropriation claim with OPIC in 1983, seeking compensation in the amount of $3,000,000 (the policy limit). As means of settling the claim without 

prejudicing the investor’s position in pending litigation with the foreign government, OPIC made an advance payment of $2,000,000, subject to a confidentiality agreement and with 

the understanding that Standard Fruit could later present arguments that it should be paid the remaining $1,000,000, should the litigation produce additional relevant evidence. The 

investor and foreign government eventually settled their claims and counterclaims. OPIC denied the investor’s request for an additional payment. OPIC and the investor agreed in 

1998 on a mutually acceptable public statement about the claim, and the advance payment then became final and disclosable.

6/ Pending completion of the investor’s application for compensation, OPIC agreed to make a $2,000,000 provisional payment, $1,500,000 of which was paid. In 1998, the investor 

established its claim for compensation up to the contract limit, and OPIC paid an additional $14,204,500.

4/ Without determining that expropriatory action had occurred, OPIC and the investor agreed on a negotiatied sum in settlement of the claim, avoiding a contest over complex and 

ambiguous legal and factual issues.