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Featured video: OPIC-supported business complex prepares to open in Georgia

June 28, 2013

The mountaintop Mtatsminda restaurant and business complex in Tbilisi, Georgia was renovated with the support of a $10 million OPIC loan and will reopen on Saturday, June 29. This clip from a local news program highlights visits this week from U.S. Ambassador to Georgia, Richard Norland, and Kenneth Angel, Managing Director, Project Finance at OPIC.

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Texas newspapers feature OPIC President Elizabeth Littlefield on the role of small businesses in the global economy

June 28, 2013

This week, OPIC held its Expanding Horizons workshop in Fort Worth, Texas with more than 100 U.S. small businesses from over 10 states attending. The events also were highlighted in local media with both The Houston Chronicle and The Fort Worth Star-Telegram publishing op-eds by OPIC President and Chief Executive Officer Elizabeth Littlefield on the important role small businesses can
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OPIC joins USGLC annual conference highlighting smart power and innovation

June 26, 2013

OPIC participated in the U.S. Global Leadership Coalition’s Annual Leadership Conference this week focusing on American aid investment and its role in building jobs and security at home. Featuring remarks by national security and foreign policy experts, the conference analyzed how to strengthen America’s leadership in the world through strategic investments in smart power. On Tuesday, OPIC Executive Vice President
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OPIC Board approves renewable energy, hospital projects at latest board meeting

June 26, 2013

OPIC’s Board of Directors met June 13 and approved the following projects: Financing to support the construction of two solar power plants in Chile’s Atacama Desert, by Amanecer SpA and San Andres SpA of Chile, together with the U.S. project sponsor, SunEdison Inc. of St. Peters, Missouri. The projects will help Chile diversify its energy sources beyond hydro, gas and coal and
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Sailing the Seven “Cs:” Unlocking bank financing for SMEs in the Middle East

June 25, 2013

By Arun Hsu, Chief of Party, Jordan Loan Guarantee Facility In this guest post, an OPIC partner outlines a system for determining creditworthiness of potential borrowers that lack collateral and a track record of working with banks. Small and medium enterprises (SMEs) are the key to innovation and an engine of economic growth and job creation in the Middle East
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Featured photo: Finca International supports women entrepreneurs in Mexico with microfinance loans

June 21, 2013

Microfinance group members in Tlayacapan, Mexico meet to collect installments on a loan from Finca International, a U.S. microfinance institution with a global footprint in 21 countries.  This all-women group of entrepreneurs who sell food, clothing and crafts in local markets has been a client of Finca Mexico for 10 years.

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Expanding Horizons Workshop comes on the heels of National Small Business Week

June 20, 2013

This week is National Small Business Week, an event organized by the U.S. Small Business Administration (SBA) to recognize American entrepreneurs and small business owners. OPIC understands that American small businesses are the heart of the country’s economy and also can play a significant role in the global economy. Last year, 73 percent of the deals OPIC approved were with
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OPIC President Elizabeth Littlefield discusses development impact bonds with The New York Times

June 19, 2013

OPIC President and Chief Executive Officer Elizabeth Littlefield recently discussed development impact bonds with New York Times’  Tina Rosenberg. In the interview, Littlefield explained how development impact bonds are helping harness private capital for development and was quoted as saying, “Ten years ago, the development finance institutions together [which invest in the private sector] were financing about $10 billion in
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How OPIC extends its impact through partnerships

June 18, 2013

  OPIC has a long tradition of partnering with private sector businesses to catalyze investment in challenging markets around the world. But the agency’s work extends beyond public-private partnerships. In its recently published 2013 annual report, OPIC outlines several of the successful partnerships it has forged with other U.S. Government agencies to address major development challenges such as: –Clean Energy.
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OPIC President Elizabeth Littlefield discusses social impact investing on The White House Blog

June 07, 2013

OPIC President and Chief Executive Officer Elizabeth Littlefield attended the UK’s G8 Social Impact Investing Forum in London this week. On The White House Blog, Littlefield, along with Karen G. Mills, Administrator of the U.S. Small Business Administration (SBA), and Rajiv Shah, Administrator of the U.S. Agency for International Development (USAID), discuss the National Impact Initiative (NII) launched at the
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