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John Amore ’04: Overseas Private Investment Corporation (OPIC)
John Amore, a MIA/MBA dual degree student received a summer fellowship to work with OPIC, a U.S. Government agency chartered with fostering economic and social development in emerging markets and helping US businesses operate in these countries. “I wanted to leverage my consulting background, training in finance, and perspective on Latin America to provide valuable analysis of proposed large-scale projects,” he says. “Performing this type of due diligence as a steward of responsible globalization, is a social benefit to the international community.”
Amore worked in the Political Risk Department, which underwrites insurance policies at cost that hedge overseas investments against non-business risks such as political violence, expropriation, and currency inconvertibility. His responsibilities included performing due diligence on projects applying for political risk insurance and quantifying the macroeconomic risks that exist.
Amore evaluated political risks in Central and South America, and the Baltic Region for projects including a real estate development in Latvia and an airport infrastructure upgrade in Peru. “U.S. investors would not have pursued these opportunities without partnering with the risk management capabilities of OPIC,” he says.
“This internship exposed me to the challenges faced by emerging markets as they attempt to reduce the gap between the developed and the developing world,” says Amore, “These challenges require coordinated efforts by global thinkers in international affairs and public service, and I now have a better sense of the skills required to be an effective part of this community and the channels that exist to get there.”
Social Enterprise Summer Fellows
“My experience working with communities in India and Africa, as well as on developing public-private partnerships with government and non-profit agencies, convinced me of the need for innovative approaches to international development”
“I see entrepreneurs as the key leverage point in development, so interning at Ashoka made perfect sense.”
Committee to Encourage Corporate Philanthropy
“This internship matched my interest in harnessing the power and resources in the for profit sector to effect social change.”