Overseas Private Investment Corporation Amendments Act of 1988

[AI summary unavailable — showing source text] Overseas Private Investment Corporation Amendments Act of 1988 - Amends the Foreign Assistance Act of 1961 to update and increase the per capita income levels established for countries with respect to which the Overseas Private Investment Corporation is required to either give preferential consideration (the least developed countries) or restrict its activities (the higher income developing countries). States that in addition to current policy guidelines the Corporation should also consider the extent to which the investment policies of a country in which a development project is undertaken are consistent with U.S. investment policies. Authorizes the Corporation to insure existing U.S. investments in a country in recognition of the fact that changed political conditions in that country may cause the investments to be withdrawn. Specifies that such authority may be used only when the Corporation's Board of Directors determines, upon a recommendation of the Secretary of State, that insuring such investment would further U.S. interests in maintaining the economic stability of the host country. Authorizes the Corporation to designate part of any loan from the Direct Investment Fund for…