May 31, 2012
In issuing our annual report for 2011, we also marked a milestone: 40 years of investing with impact across the developing world. Often we use this blog as an opportunity to talk about our new projects or our response to current global development challenges. But OPIC’s rich history also underscores how our development finance model endures in a world where the social, environmental
May 23, 2012
Post-conflict economies share striking similarities regardless of region or era. Their economies are dominated by small and medium enterprises (SMEs), usually in the informal sector. Their banking systems have collapsed or credit has retreated to large companies and well-connected players. The rule of law is in shambles. Once a cash economy is functioning, populations are settling and some basic security
May 22, 2012
OPIC recently published its annual report for fiscal 2011, a year that OPIC President and CEO Elizabeth Littlefield describes as “a pivotal year for foreign affairs and a banner year for the U.S. Government’s development finance institution.” Littlefield’s full letter is preinted below, and the complete annual report is available on OPIC.gov. When I embarked on my first full year at
May 22, 2012
Small businesses are at the heart of the U.S. economy, and OPIC is committed to putting them at the heart of the global economy as well. This chart illustrates the progress OPIC has made in recent years. In fiscal year 2011, 78% of OPIC’s committed projects were with small and medium-sized enterprises (SMEs). That represents an increase from 69% in
May 21, 2012
In this Q&A video, OPIC Vice President Mimi Alemayehou discusses the extensive growth opportunities in Africa, including the demand for energy and power as the continent continues to develop.
May 18, 2012
President Obama delivered the opening keynote on May 18 to the Symposium on Global Agriculture and Food Security in Washington, D.C. The event precedes the G8 summit Saturday May 20 at Camp David, where leaders will meet to discuss the challenge of feeding a growing world. The focus of the event underscores how food security remains a major challenge: The U.S.
May 14, 2012
We sat down recently with the very busy Jay Koh, OPIC’s Head of Investment Funds and Chief Investment Strategist, to hear more about how investment funds support critical development challenges. Jay is preparing to be a featured speaker this month at the IFC and Emerging Markets Private Equity Association’s 14thAnnual Global Private Equity Conference. He also just wrapped up OPIC’s most recent
May 07, 2012
In Winneba, Ghana, residents fill containers near a local drinking water facility. OPIC is providing political risk insurance to support a project to modernize the water infrastructure in Ghana, where a shortage of clean water is linked to 20,000 deaths each year.