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Featured photo: Affordable housing in South Africa

December 19, 2014

Newly constructed homes built with investments from the OPIC-supported South African Workforce Housing Fund, are providing housing to nearly 8,000 low-income and working class families in Johannesburg. By investing in low-income housing the fund has also helped establish the affordable home sector as a viable asset class in the market, attracting further development capital to address South Africa’s housing shortage.
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Business as a force for good: OPIC celebrates another banner year

December 19, 2014

  Simpa Networks, a new OPIC client is working to provide solar power to tens of thousands of rural Indians. OPIC this week announced fiscal year financial results showing another strong year in 2014, including $3 billion in financing and insurance commitments in emerging markets, which mobilized an additional $3.2 billion in private-sector investment. OPIC also extended its longstanding track
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An OPIC anniversary: Good business, good government

December 11, 2014

By Elizabeth Littlefield  President and Chief Executive Officer, OPIC Thirty years ago this week, OPIC, the U.S. Government’s development finance institution, celebrated a rare feat in the federal government: it made good on its promise to pay back every cent of the $106 million that Congress had allocated to start the agency in 1971. The occasion was heralded by President Ronald
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From mom-and-pop to job engine: How OPIC helped hundreds of small businesses in the West Bank

December 09, 2014

This post by James C. Polan, OPIC’s Vice President for Small and Medium Enterprise Finance, was originally featured on the U.S. State Department’s DipNote blog. The original post can be viewed here. Small businesses create jobs. It’s a widely accepted economic truth, but it’s not the whole story. The fact is, small businesses need money to grow, but they often
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‘Renewable energy is critical’: OPIC is featured in The Jerusalem Post

December 05, 2014

The Jerusalem Post highlighted an upcoming trip by OPIC’s Brian O’Hanlon to a green energy conference in Israel. O’Hanlon, OPIC’s director of business development for renewable energy and sustainable development, plans to attend the Eilat Eilot Green Energy Conference to identify green technology projects that can help emerging markets develop using a clean, sustainable energy strategy. “Renewable energy is critical
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Featured photo: Modern machinery for smallholder farmers in Senegal

December 05, 2014

Smallholder farmers harvest grain more efficiently with modern equipment provided by Aventura Investment Partners, an OPIC client that provides both equipment and training on best practices to help these farmers significantly improve yields. While much of Africa’s food is grown by small-scale farmers with plots of less than four acres, these farmers often lack basic equipment, like tractors, which significantly
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What renewable energy investors can learn from Chile

December 02, 2014

While many countries have sought to accelerate the development of renewable resources, Chile has been particularly successful in doing so. As of October, Chile’s installed renewable energy capacity was 1.8 gigawatts, with 855 more megawatts under construction. In this guest post in an industry publication, OPIC Structured Finance directors James Meffen and Dairo Isomura analyzed Chile’s success and outlined some
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Featured photo: Improving health services in Albania

November 14, 2014

Technicians at the American Hospital in Albania conduct lab tests on modern equipment not available in many of the country’s public hospitals. The healthcare sector in Albania, one of Europe’s poorest counties, has struggled in recent years and routine procedures such as dialysis and laboratory analysis were largely unavailable to the general population. The American Hospital has been able to
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What urbanization means for development

November 12, 2014

Multiple OPIC projects address urban development challenges, often by supporting financing to small businesses that will create jobs. Nicholas Aoama Oyiek is a garage owner in Nairobi, Kenya, who employs 20 people and was able to obtain financing to build his business with the help of an OPIC backed private equity fund. Read more. In 1950, less than one-third of
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Featured photo: Generating power in Jordan

November 07, 2014

Over the past few years, strong economic growth in Jordan has increased the demand for power beyond the country’s generation capacity. The 240MW AES Levant Power Plant, which was financed by a $170 million OPIC loan in addition to a $100 million loan from the European Bank for Reconstruction and Development, is strengthening the stability and supply of energy in
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