Overseas Private Investment Corporation Amendments Act of 1988

[AI summary unavailable — showing source text] Title I: Overseas Private Investment Corporation - 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). Authorizes the Corporation to designate up to 25 percent of any loan from the Direct Investment Fund for use by a project sponsor in the development or adaptation in the United States of new technologies or new products or services that are likely to contribute to the economic or social development of less developed countries. Authorizes the Corporation to establish a four-year pilot program in sub-Saharan Africa and the Caribbean Basin to assist eligible projects through the provision of limited equity capital. Requires the Corporation, in conducting such pilot project, to give preferential consideration to projects sponsored by or significantly involving U.S. small businesses or cooperatives. Authorizes the Corporation to establish…