June 23, 2011
CNN.com recently explored what happens when the military surge in Afghanistan ends, and highlighted how an OPIC-backed investment can help stimulate many times more the original amount in private-sector investment. “For a $20 million from OPIC,” it notes, “this catalogues $4 billion in private sector investment into the sector…. This shows a very small amount of money, very well applied, can
June 20, 2011
By Elizabeth Littlefield, OPIC President and CEO Earlier this month, the Senate Foreign Relations Committee offered a grim forecast about the future of Afghanistan, warning that the country could face “a severe economic depression” after foreign troops withdraw in 2014. The report, which asserted that both military and civilian aid programs in the country are unsustainable, reopened a longstanding debate
June 17, 2011
In 2009, OPIC approved a loan to India’s Husk Power Systems Inc. to build a series of energy generation facilities that convert rice husk waste into electricity to serve rural villages. This week, Husk won the Ashden Award for Sustainable Energy, a British award aimed at addressing climate change and alleviating poverty. Full story.
June 15, 2011
On June 6, U.S. Ambassador to Afghanistan Karl Eikenberry attended a ribbon-cutting ceremony at the construction site of the Kabul Marriott, a project backed by an OPIC loan. The project, which represents one of the largest private-sector investments in Afghanistan to date, has created more than 1,000 local jobs. The five-star hotel is expected to open in late 2012.