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Featured photo: Supporting thousands of women-owned businesses in Turkey

March 27, 2015

The owner of Real Optic, one of many women-owned businesses that has benefited from an OPIC project to support small business lending in Turkey, displays her merchandise at her store in Istanbul. Real Optic is expanding with financing from a Turkiye Garanti Bankasi lending facility, which is being supported by a $400 million OPIC investment guarantee. The Bankasi facility focuses
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OPIC award-winning project highlights value of financial intermediaries in boosting small business lending

March 26, 2015

A milestone 2013 OPIC project to support lending to small businesses in Brazil was recognized earlier this month as Trade Finance Americas Deal of the Year by the international magazine, Trade Finance. OPIC committed a $400 million loan – alongside $80 million from Wells Fargo – in the project, which supports lending to underserved businesses, mostly in the lower-income parts of the country that
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Water for agriculture: How one innovative project is helping African farmers grow more food

March 20, 2015

March 22 is World Water Day, an occasion to remember how water is fundamental to life and fundamental to global development. In many parts of Africa, poor farmers operate with little equipment and can only water their crops when it rains. Being so dependent on the weather for their livelihood is not only inconvenient, it’s also costly. Even a lengthy
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Featured photo: Supporting clean and dependable drinking water in Algeria

March 20, 2015

In a desert city surrounded by seawater, a water desalination plant is bringing clean drinking water to many of Algiers’ residents. The plant, which uses reverse osmosis technology, was built with the support of OPIC financing to Ionics Inc. of Watertown, Massachusetts. OPIC provided a $200 million loan to Ionics to help facilitate construction of the plant which is now
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Featured photo: Supporting microfinance lending to women in Africa

March 13, 2015

A BRAC microfinance recipient who has used loan money to support her restaurant business is joined by other women during a solidarity group meeting in Tanzania. OPIC financing has supported microfinance lending in East Africa through BRAC, a Bangladesh development organization. BRAC-Tanzania has opened more than 100 new microfinance branches serving an estimated 109,000 borrowers in Africa, 98 percent of
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In case you missed it: OPIC in Action – The story behind Sambazon

March 12, 2015

As one of the companies responsible for introducing the açaí berry – which is indigenous to Brazil – to the U.S. market, Sambazon sustainably processes and distributes açaí juice to the U.S. and beyond, providing income for 10,000 family farmers in Brazil. Development finance from OPIC was instrumental in the growth of the company, which has a crucial development impact
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A plan to empower more than 1 million women: OPIC featured in The Huffington Post

March 09, 2015

Many women in the developing world are sidelined from economic progress because of limited access to financial services like savings accounts, loans and insurance. The Huffington Post features a piece by OPIC President and CEO Elizabeth Littlefield and Bob Annibale, Citi’s Global Director of Community Development and Microfinance, on an OPIC-Citi partnership that addresses this challenge. Through a joint program
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Why global development is a women’s issue

March 06, 2015

By Judith Pryor Vice President, Overseas Private Investment Corporation The developing world faces a multitude of challenges from poverty to food insecurity to insufficient electricity, all which limit the lives of millions of men and women. But in my time working to support global development at the Overseas Private Investment Corporation (OPIC), I’ve come to understand that many of these
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Featured photo: Quinoa crop empowers women in Ecuador

March 06, 2015

In honor of International Women’s Day on Sunday, March 8, this photograph represents one of the many women that OPIC seeks to support through its financing. This woman works with the cooperative SumakLife to grow organic quinoa on her farm in Ecuador. SumakLife, which purchases quinoa from indigenous farmers – including many women – works to help them earn fair
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The Quiet Global Transformation of Global Development: OPIC featured in Huffington Post

February 27, 2015

The Huffington Post featured a piece by OPIC’s President and CEO Elizabeth Littlefield on the transformation of global development in recent years. In the piece Littlefield highlights how aid and investment in emerging markets has changed dramatically. Decades ago, private capital was a small fraction of aid dollars. Since then, that private capital investment has grown roughly 100-fold and the
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